Lucas GC (NASDAQ:LGCL) Shares Down 1.8% – Should You Sell?

Lucas GC Limited (NASDAQ:LGCL) shares dropped 1.8% on Monday . The company traded as low as $2.50 and last traded at $2.67. Approximately 58,511 shares were traded during trading, a decline of 92% from the average daily volume of 750,233 shares. The stock had previously closed at $2.72.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a report on Wednesday, October 8th. Wall Street Zen upgraded Lucas GC to a “hold” rating in a research note on Saturday, October 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Lucas GC presently has an average rating of “Sell”.

Lucas GC Stock Performance

The stock’s 50-day moving average price is $6.45 and its two-hundred day moving average price is $19.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lucas GC stock. Boothbay Fund Management LLC acquired a new stake in Lucas GC Limited (NASDAQ:LGCL) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,500 shares of the company’s stock, valued at approximately $29,000.

About Lucas GC

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services.