Luk Fook (OTCMKTS:LKFLF) Stock Moved Down to Strong Sell by The Goldman Sachs Group

Luk Fook (OTCMKTS:LKFLF) was downgraded by analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, Zacks reports.

Luk Fook Price Performance

OTCMKTS LKFLF opened at $3.00 on Friday. The company has a quick ratio of 0.50, a current ratio of 2.67 and a debt-to-equity ratio of 0.02. Luk Fook has a 1-year low of $2.50 and a 1-year high of $4.25. The firm’s fifty day simple moving average is $3.00 and its 200-day simple moving average is $3.17.

Luk Fook Company Profile

Luk Fook Holdings (International) Limited is a Hong Kong-based jewelry retailer and manufacturer that operates under the Lukfook brand. The company sells gold and platinum jewelry, gem-set jewelry, jade products, watches, and other fashion accessories, serving customers through retail stores and other distribution channels.

Founded in 1991, Luk Fook has expanded from its Hong Kong base into a broader regional jewelry business. Its operations include jewelry design, product development, sourcing, manufacturing, wholesale distribution, and retailing.