Lucas GC (NASDAQ:LGCL) Stock Price Down 10.8% – Here’s Why

Lucas GC Limited (NASDAQ:LGCL)’s share price dropped 10.8% on Thursday . The company traded as low as $0.85 and last traded at $1.65. Approximately 19,194,795 shares were traded during trading, an increase of 199% from the average daily volume of 6,413,721 shares. The stock had previously closed at $1.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a report on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Lucas GC Trading Down 10.8%

The business has a 50-day moving average of $1.77 and a 200 day moving average of $1.85.

Lucas GC (NASDAQ:LGCL) last posted its earnings results on Monday, April 20th. The company reported ($0.44) earnings per share for the quarter. The business had revenue of $47.48 million during the quarter.

Hedge Funds Weigh In On Lucas GC

A hedge fund recently bought a new stake in Lucas GC stock. Boothbay Fund Management LLC acquired a new position in Lucas GC Limited (NASDAQ:LGCL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.