Li & Fung (OTCMKTS:LFUGY) Shares Down 6.5% – Should You Sell?
by Jessica Moore · The Cerbat GemShares of Li & Fung Limited (OTCMKTS:LFUGY – Get Free Report) dropped 6.5% on Thursday . The company traded as low as $0.2245 and last traded at $0.2245. Approximately 1,000 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 17,949 shares. The stock had previously closed at $0.24.
Li & Fung Stock Down 6.5%
The firm has a 50 day moving average price of $0.22 and a 200-day moving average price of $0.22.
Li & Fung Company Profile
Li & Fung (OTCMKTS:LFUGY) is a Hong Kong-based supply chain management company that designs, sources, distributes and delivers a wide range of consumer goods for retailers and brands around the world. The company offers end-to-end solutions that span product design and development, raw material sourcing, manufacturing oversight and quality assurance, as well as freight management and distribution services. Its client base includes department stores, e-commerce platforms, specialty retailers and branded marketers seeking a seamless, integrated supply chain.
Founded in 1906 by the Li and Fung families in Canton (now Guangzhou), Li & Fung began as a traditional trading house before transforming into a global supply chain specialist.