Chow Tai Fook (OTCMKTS:CJEWY) Shares Gap Down – Here’s What Happened

Chow Tai Fook (OTCMKTS:CJEWY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.70, but opened at $14.05. Chow Tai Fook shares last traded at $14.05, with a volume of 358 shares changing hands.

Chow Tai Fook Stock Up 2.8%

The business has a 50 day moving average price of $14.87 and a 200-day moving average price of $16.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.29 and a current ratio of 1.50.

About Chow Tai Fook

Chow Tai Fook Jewellery Group is a Hong Kong–based jeweller founded in 1929 and headquartered in Hong Kong. The company operates as an integrated jewellery business spanning design, sourcing, manufacturing, retail and wholesale distribution. It is one of the region’s largest jewellery retailers and sells a range of precious-metal and gem-set products through an extensive store network and other distribution channels.

Chow Tai Fook’s product lineup includes gold jewelry, diamond and gemstone pieces, watches and related accessories, with offerings that span mass-market collections, bridal and higher-end designer pieces.