Shares of Li & Fung Limited (OTCMKTS:LFUGY – Get Free Report) traded down 6.5% during mid-day trading on Friday. The stock traded as low as $0.2245 and last traded at $0.2245. Approximately 1,000 shares were traded 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 Performance
The company has a 50 day moving average of $0.22 and a 200-day moving average of $0.22.
Li & Fung Company Profile
Li & Fung Limited is a Hong Kong-based global supply chain and sourcing company serving retailers, brands and consumer-goods businesses. Its activities have included product design and development, sourcing, procurement, manufacturing coordination, quality assurance, logistics and distribution management.
The company has worked across a broad range of consumer products, including apparel, footwear, accessories, home furnishings, toys and other hardgoods. Rather than primarily manufacturing products itself, Li & Fung has traditionally coordinated networks of suppliers and service providers to help customers develop and move merchandise from factories to markets.
Founded in Guangzhou in 1906 by Li To-ming and Fung Pak-liu, the company expanded from a regional trading business into an international supply chain group headquartered in Hong Kong.
See Also
- Five stocks we like better than Li & Fung
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Li & Fung Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li & Fung and related companies with MarketBeat.com's FREE daily email newsletter.
