Lonking (OTCMKTS:LONKF) Sets New 1-Year High – Still a Buy?

Lonking Holdings Ltd. (OTCMKTS:LONKFGet Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $0.3868 and last traded at $0.3868, with a volume of 450 shares. The stock had previously closed at $0.3868.

Lonking Stock Performance

The stock’s fifty day simple moving average is $0.36 and its 200-day simple moving average is $0.36.

Lonking Company Profile

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Lonking Holdings Limited is a China-based manufacturer and distributor of construction machinery and equipment. The company’s product portfolio includes wheel loaders, excavators, road rollers, forklifts and other earth-moving and material-handling machinery. Through its in-house design and engineering teams, Lonking develops equipment tailored to infrastructure, mining, logistics and agricultural applications.

Established in the early 1990s and headquartered in Zhanjiang, Guangdong Province, Lonking has grown from a regional manufacturer into a global supplier of construction machinery.

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