Luda Technology Group (NYSEAMERICAN:LUD) Shares Down 4.7% – Should You Sell?

Luda Technology Group Limited (NYSEAMERICAN:LUD) dropped 4.7% during trading on Thursday. The company traded as low as $3.43 and last traded at $3.81. 8,900 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 5,185 shares. The stock had previously closed at $4.00.

Luda Technology Group Trading Down 4.7%

The business’s fifty day moving average price is $3.99 and its 200 day moving average price is $4.89.

Luda Technology Group (NYSEAMERICAN:LUD) last announced its earnings results on Friday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $5.92 million for the quarter.

About Luda Technology Group

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products; and (ii) trading of steel pipes, valves, and other steel tubing products.