Longfor Group Holdings Limited (OTCMKTS:LGFRY – Get Free Report) shares dropped 6.9% during trading on Wednesday. The company traded as low as C$5.82 and last traded at C$5.82. 1,322 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 83,052 shares. The stock had previously closed at C$6.25.
Longfor Group Price Performance
The firm’s 50-day simple moving average is C$7.20 and its 200 day simple moving average is C$9.67.
Longfor Group Company Profile
Longfor Group Holdings Limited is a China-based real estate company engaged in property development, commercial investment and operations, rental housing, and related property management services. Its activities include the development of residential communities, shopping centers, office properties, and other urban mixed-use projects.
The company operates primarily in major cities and metropolitan areas across mainland China. Through its commercial properties, Longfor manages and operates retail and lifestyle destinations, while its rental-housing business provides professionally managed apartments for urban residents.
Longfor was founded in 1993 by Wu Yajun and has expanded from a regional residential developer into a diversified urban-development group.
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