Luda Technology Group (NYSE:LUD) Shares Down 4.7% - Should You Sell?

Key Points

• Luda Technology Group shares dropped by 4.7% to $10.86, significantly below its previous close of $11.40.
• Trading volume was 79% lower than average, with only 9,816 shares changing hands during the session.
• The company's 50-day moving average stands at $8.76, indicating a potential area of support for its stock price.

Luda Technology Group (NYSE:LUD - ) fell 4.7% during trading on Thursday . The company traded as low as $10.84 and last traded at $10.86. 9,816 shares traded hands during trading, a decline of 79% from the average session volume of 47,841 shares. The stock had previously closed at $11.40.

Luda Technology Group Stock Performance

The business's 50-day moving average price is $8.76 and its 200 day moving average price is $6.00.

Luda Technology Group Company Profile

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company's business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China.

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