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

Luk Fook Holdings (OTCMKTS:LKFLF)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $3.0450, but opened at $2.73. Luk Fook shares last traded at $2.73, with a volume of 400 shares changing hands.

Luk Fook Price Performance

The firm’s 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.02.

About Luk Fook

Luk Fook Jewellery Group Limited (OTCMKTS: LKFLF) is a Hong Kong–based retailer and manufacturer specializing in fine jewelry and related accessories. Established in 1991, the company designs, produces and distributes a broad range of jewelry products, including gold, platinum, diamond and gem-set pieces. Its vertically integrated operations encompass goldsmithing, jewelry design, casting, polishing and quality control, supporting both proprietary brands and private-label offerings.

The company’s product portfolio features traditional and contemporary collections, ranging from wedding bands, engagement rings and necklaces to jadeite bangles, gemstone pendants and pearl earrings.