Chocoladefabriken Lindt & Sprüngli (OTCMKTS:LDSVF) Stock Falls 3% – Here’s Why

Shares of Chocoladefabriken Lindt & Sprüngli AG (OTCMKTS:LDSVF – Get Free Report) traded down 3% during mid-day trading on Friday. The company traded as low as $10,350.00 and last traded at $10,533.2640. 4 shares were traded during mid-day trading, a decline of 96% from the average session volume of 100 shares. The stock had previously closed at $10,855.29.

Chocoladefabriken Lindt & Sprüngli Price Performance

The firm has a 50 day moving average price of $10,080.11 and a 200-day moving average price of $12,158.75.

About Chocoladefabriken Lindt & Sprüngli

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Chocoladefabriken Lindt & Sprüngli AG is a Switzerland-based chocolate and confectionery company headquartered in Kilchberg, near Zurich. Founded in 1845, the company became closely associated with premium chocolate after Rodolphe Lindt developed the conching process in 1879, which helped create chocolate with a smoother texture.

The company develops, manufactures and markets chocolate products including bars, pralines, truffles, boxed chocolates, spreads and seasonal items. Its principal brands include Lindt, Ghirardelli, Russell Stover, Caffarel, Hofbauer and Küfferle.

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