Longfor Group (OTCMKTS:LGFRY) Hits New 1-Year Low – Should You Sell?

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

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Longfor Group to a “hold” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Longfor Group Stock Down 3.1%

The business’s 50 day moving average price is C$10.34 and its 200-day moving average price is C$11.23.

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.