Lucas GC (NASDAQ:LGCL) Stock Price Down 1.5% – Here’s Why

Lucas GC Limited (NASDAQ:LGCL)’s share price dropped 1.5% during mid-day trading on Tuesday . The company traded as low as $1.56 and last traded at $1.6150. Approximately 5,239 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 6,877 shares. The stock had previously closed at $1.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucas GC in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Lucas GC Stock Performance

The stock’s 50 day moving average price is $1.86 and its 200 day moving average price is $3.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lucas GC stock. Murchinson Ltd. purchased a new position in shares of Lucas GC Limited (NASDAQ:LGCL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned about 0.13% of Lucas GC as of its most recent SEC filing.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.