Luk Fook (OTCMKTS:LKFLF) Shares Gap Down - Should You Sell?

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 - Get Free Report) gapped down before the market opened 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 traded.

Luk Fook Stock Performance

The firm has a 50-day moving average price of $3.02 and a two-hundred day moving average price of $2.51.

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.