Li & Fung Limited (OTCMKTS:LFUGY – Get Free Report)’s share price traded down 6.5% during mid-day trading on Friday. The company traded as low as $0.2245 and last traded at $0.2245. 1,000 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 17,949 shares. The stock had previously closed at $0.24.
Li & Fung Stock Performance
The firm’s 50-day moving average price is $0.22 and its 200 day moving average price is $0.22.
About Li & Fung
Li & Fung Limited is a Hong Kong-based global supply chain and sourcing company serving retailers, brands and consumer-goods businesses. Its activities have included product design and development, sourcing, procurement, manufacturing coordination, quality assurance, logistics and distribution management.
The company has worked across a broad range of consumer products, including apparel, footwear, accessories, home furnishings, toys and other hardgoods. Rather than primarily manufacturing products itself, Li & Fung has traditionally coordinated networks of suppliers and service providers to help customers develop and move merchandise from factories to markets.
Founded in Guangzhou in 1906 by Li To-ming and Fung Pak-liu, the company expanded from a regional trading business into an international supply chain group headquartered in Hong Kong.
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