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

Luk Fook Holdings (OTCMKTS:LKFLF) gapped down before the market opened on Wednesday . The stock had previously closed at $2.95, but opened at $2.6750. Luk Fook shares last traded at $2.6750, with a volume of 872 shares changing hands.

Luk Fook Stock Down 9.3%

The stock’s fifty day moving average is $2.96 and its 200-day moving average is $3.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.45 and a current ratio of 3.13.

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.