Luda Technology Group Limited (NYSEAMERICAN:LUD – Get Free Report)’s share price shot up 1.5% on Tuesday. The company traded as high as $4.18 and last traded at $4.18. Approximately 11,030 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 4,700 shares. The stock had previously closed at $4.12.
Luda Technology Group Trading Down 4.3%
The stock has a fifty day moving average of $4.24 and a two-hundred day moving average of $4.66. The company has a current ratio of 1.63, a quick ratio of 1.43 and a debt-to-equity ratio of 0.08.
Luda Technology Group Company Profile
We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products; and (ii) trading of steel pipes, valves, and other steel tubing products.
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