Luk Fook (OTCMKTS:LKFLF) Shares Gap Down – Here’s Why

Shares of Luk Fook Holdings (OTCMKTS:LKFLF) gapped down before the market opened on Tuesday . The stock had previously closed at $4.04, but opened at $3.27. Luk Fook shares last traded at $3.27, with a volume of 971 shares trading hands.

Luk Fook Trading Down 16.5%

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.13 and a quick ratio of 0.45. The stock’s fifty day moving average is $3.76 and its two-hundred day moving average is $3.40.

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.