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Luda Technology Group (NYSE:LUD) Trading 28.7% Higher - Should You Buy?

Luda Technology Group logo with Manufacturing background

Key Points

  • Luda Technology Group shares increased by 28.7% on Tuesday, closing at $16.94 after trading as high as $17.25.
  • The stock's trading volume surged to 83,882 shares, a significant increase from its average of 47,812 shares.
  • Luda Technology Group is involved in the manufacturing and trading of stainless steel and carbon steel flanges and fittings, with its history starting in 2004 in Hong Kong.
  • MarketBeat previews the top five stocks to own by November 1st.

Luda Technology Group (NYSE:LUD - Get Free Report)'s stock price rose 28.7% on Tuesday . The stock traded as high as $17.25 and last traded at $16.94. Approximately 83,882 shares were traded during trading, an increase of 75% from the average daily volume of 47,812 shares. The stock had previously closed at $13.16.

Luda Technology Group Trading Up 0.6%

The company has a fifty day moving average of $6.82 and a two-hundred day moving average of $5.24.

Luda Technology Group Company Profile

(Get Free Report)

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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