Li & Fung Limited (OTCMKTS:LFUGY – Get Free Report) shares were down 6.5% during mid-day trading on Friday . The stock traded as low as $0.2245 and last traded at $0.2245. 1,000 shares traded hands during trading, a decline of 94% from the average session volume of 17,949 shares. The stock had previously closed at $0.24.
Li & Fung Stock Down 6.5%
The firm’s 50-day moving average price is $0.22 and its 200 day moving average price is $0.22.
About Li & Fung
Li & Fung Limited was a Hong Kong-based global supply-chain manager and sourcing company serving retailers, brands and consumer-goods companies. Its services included product design and development, sourcing, manufacturing coordination, quality assurance, logistics and distribution management.
The company worked across a broad range of consumer products, including apparel, footwear, accessories, home furnishings, toys, beauty products and other general merchandise. Through its international supplier and logistics network, Li & Fung coordinated production in Asia and other manufacturing regions for customers in major consumer markets, including North America, Europe and Asia.
Founded in 1906 by brothers Li To-ming and Fung Pak-liu, the company grew from a Hong Kong trading business into a multinational supply-chain services provider.
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