Li & Fung (OTCMKTS:LFUGY) Stock Price Down 6.5% – Time to Sell?

Li & Fung Limited (OTCMKTS:LFUGY) shares were down 6.5% during trading on Wednesday . The stock traded as low as $0.2245 and last traded at $0.2245. Approximately 1,000 shares traded hands during trading, a decline of 94% from the average daily volume of 17,949 shares. The stock had previously closed at $0.24.

Li & Fung Stock Down 6.5%

The business has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.22.

Li & Fung Company Profile

Li & Fung (OTCMKTS:LFUGY) is a Hong Kong-based supply chain management company that designs, sources, distributes and delivers a wide range of consumer goods for retailers and brands around the world. The company offers end-to-end solutions that span product design and development, raw material sourcing, manufacturing oversight and quality assurance, as well as freight management and distribution services. Its client base includes department stores, e-commerce platforms, specialty retailers and branded marketers seeking a seamless, integrated supply chain.

Founded in 1906 by the Li and Fung families in Canton (now Guangzhou), Li & Fung began as a traditional trading house before transforming into a global supply chain specialist.