Luda Technology Group (NYSE:LUD - Get Free Report)'s share price fell 21.3% during mid-day trading on Wednesday . The stock traded as low as $6.36 and last traded at $6.55. 66,440 shares traded hands during trading, an increase of 58% from the average session volume of 42,179 shares. The stock had previously closed at $8.32.
Luda Technology Group Stock Down 4.7%
The stock has a 50 day simple moving average of $4.90.
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.
Further Reading
Before you consider Luda Technology Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Luda Technology Group wasn't on the list.
While Luda Technology Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access