Longfor Group (OTCMKTS:LGFRY) Sets New 52-Week Low – Time to Sell?

Longfor Group Holdings Limited (OTCMKTS:LGFRY)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$8.04 and last traded at C$8.04, with a volume of 179067 shares trading hands. The stock had previously closed at C$8.36.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Longfor Group to a “hold” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Longfor Group has an average rating of “Hold”.

Longfor Group Price Performance

The business has a 50 day moving average price of C$10.44 and a 200 day moving average price of C$11.30.

About Longfor Group

Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.