Lucas GC (NASDAQ:LGCL) Trading 1.7% Higher – Here’s What Happened

Lucas GC Limited (NASDAQ:LGCL) was up 1.7% on Wednesday . The company traded as high as $2.20 and last traded at $2.0650. Approximately 102,939 shares were traded during trading, an increase of 639% from the average daily volume of 13,935 shares. The stock had previously closed at $2.03.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LGCL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Lucas GC in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Lucas GC to a “hold” rating in a report on Saturday, October 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lucas GC Stock Up 1.8%

The business’s fifty day moving average is $2.55 and its 200 day moving average is $15.91.

Lucas GC (NASDAQ:LGCL) last issued its earnings results on Friday, October 31st. The company reported $5.28 earnings per share for the quarter. The business had revenue of $27.00 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lucas GC stock. Murchinson Ltd. bought a new position in Lucas GC Limited (NASDAQ:LGCL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned approximately 0.13% of Lucas GC as of its most recent SEC filing.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.