Luk Fook (OTCMKTS:LKFLF) Shares Down 6.5% - Here's Why

Key Points

• Luk Fook Holdings shares fell by 6.5%, trading at $2.90, significantly down from the previous close of $3.10, with a drastic drop in trading volume.
• The company's debt-to-equity ratio is 0.02, indicating a low level of debt, while its current ratio stands at 3.14, suggesting strong liquidity.
• Luk Fook specializes in a variety of jewelry products, including gold and platinum jewelry, with operations in sourcing, designing, and retailing.

Luk Fook Holdings (OTCMKTS:LKFLF - ) shares traded down 6.5% on Thursday . The stock traded as low as $2.90 and last traded at $2.90. 735 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 2,520 shares. The stock had previously closed at $3.10.

Luk Fook Stock Down 6.5%

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.14 and a quick ratio of 0.66. The firm's 50-day simple moving average is $3.12 and its two-hundred day simple moving average is $2.58.

Luk Fook Company Profile

Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products. It offers ring and pair rings, necklaces, pendants, earrings, bangles and bracelets, charms, figurines, accessories, and other products of various materials comprising diamond, gold, platinum, jadeite, gemstone, pearl, and silver materials.

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