Longfor Group Holdings Limited (OTCMKTS:LGFRY – Get Free Report) shares dropped 4.8% on Monday. The stock traded as low as C$5.56 and last traded at C$5.56. Approximately 139,213 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 86,399 shares. The stock had previously closed at C$5.84.
Longfor Group Stock Performance
The stock’s 50 day moving average is C$6.65 and its 200-day moving average is C$9.35.
Longfor Group Company Profile
Longfor Group Holdings Limited is a China-based property developer founded in 1993. The company develops residential properties, including homes for sale, and has expanded its business beyond residential development. Its other activities include investing in and operating commercial properties, such as shopping centers, as well as property management and rental housing services. Longfor serves customers and tenants across cities in mainland China. The company was established in Chongqing and has grown into a national real estate and property-services group.
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