Luk Fook (OTCMKTS:LKFLF) Shares Gap Down - Here's What Happened

Key Points

• Luk Fook Holdings shares initially opened at $3.09, down from a previous close of $3.28, reflecting a significant gap down prior to trading.
• The company has a current 50-day simple moving average of $2.96 and a 200-day simple moving average of $2.47, indicating favorable long-term trends.
• Luk Fook engages in the designing, wholesaling, and retailing of various jewelry products, including gold, platinum, and gem-set items.

Shares of Luk Fook Holdings (OTCMKTS:LKFLF - ) gapped down prior to trading on Tuesday . The stock had previously closed at $3.28, but opened at $3.09. Luk Fook shares last traded at $3.09, with a volume of 2,000 shares changing hands.

Luk Fook Stock Performance

The company has a 50 day simple moving average of $2.96 and a 200 day simple moving average of $2.47.

About Luk Fook

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.