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Luda Technology Group (NYSE:LUD) Trading Down 3.8% - Here's Why

Luda Technology Group logo with Manufacturing background

Luda Technology Group (NYSE:LUD - Get Free Report) traded down 3.8% during mid-day trading on Friday . The stock traded as low as $5.53 and last traded at $5.53. 24,482 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 42,170 shares. The stock had previously closed at $5.75.

Luda Technology Group Stock Down 1.7%

The firm has a fifty day simple moving average of $4.50.

Luda Technology Group Company Profile

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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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