Luk Fook (OTCMKTS:LKFLF) Stock Dropped to “Strong Sell” by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Luk Fook (OTCMKTS:LKFLF) from a hold rating to a strong sell rating in a report issued on Friday morning,Zacks reports.

Luk Fook Stock Performance

Luk Fook stock opened at $3.00 on Friday. The company has a quick ratio of 0.50, a current ratio of 2.67 and a debt-to-equity ratio of 0.02. Luk Fook has a fifty-two week low of $2.50 and a fifty-two week high of $4.25. The firm’s fifty day moving average price is $3.00 and its 200-day moving average price is $3.17.

Luk Fook Company Profile

Luk Fook Holdings (International) Limited is a Hong Kong-based jewelry retailer and manufacturer that operates under the Lukfook brand. The company sells gold and platinum jewelry, gem-set jewelry, jade products, watches, and other fashion accessories, serving customers through retail stores and other distribution channels.

Founded in 1991, Luk Fook has expanded from its Hong Kong base into a broader regional jewelry business. Its operations include jewelry design, product development, sourcing, manufacturing, wholesale distribution, and retailing.