Li & Fung Limited (OTCMKTS:LFUGY – Get Free Report) fell 6.5% on Friday. The stock traded as low as $0.2245 and last traded at $0.2245. 1,000 shares traded hands during mid-day 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 stock’s 50 day simple moving average is $0.22 and its 200-day simple moving average is $0.22.
Li & Fung Company Profile
Li & Fung Limited is a Hong Kong-based supply chain management company that helps retailers, brands and wholesalers design, source and deliver consumer products. Its activities have included product development, supplier selection, manufacturing coordination, quality assurance, compliance, logistics and distribution.
The company has historically served a broad range of consumer categories, including apparel, footwear, accessories, home furnishings, toys and other hardgoods. Its global sourcing network has connected customers with manufacturers across Asia and other production markets, while its services have supported retail and brand operations in North America, Europe and Asia.
Li & Fung traces its origins to 1906, when it was established in Guangzhou, China, by Fung Pak-liu and Li To-ming.
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