Li & Fung Limited (OTCMKTS:LFUGY – Get Free Report) fell 6.5% during trading on Friday. The stock traded as low as $0.2245 and last traded at $0.2245. Approximately 1,000 shares were traded during mid-day trading, a decline of 94% from the average session volume of 17,949 shares. The stock had previously closed at $0.24.
Li & Fung Price Performance
The firm’s fifty day moving average price is $0.22 and its 200 day moving average price is $0.22.
About Li & Fung
Li & Fung Limited is a Hong Kong-based global supply chain and sourcing company serving retailers, brands and consumer-goods businesses. Its activities have included product design and development, sourcing, procurement, manufacturing coordination, quality assurance, logistics and distribution management.
The company has worked across a broad range of consumer products, including apparel, footwear, accessories, home furnishings, toys and other hardgoods. Rather than primarily manufacturing products itself, Li & Fung has traditionally coordinated networks of suppliers and service providers to help customers develop and move merchandise from factories to markets.
Founded in Guangzhou in 1906 by Li To-ming and Fung Pak-liu, the company expanded from a regional trading business into an international supply chain group headquartered in Hong Kong.
Featured Stories
- Five stocks we like better than Li & Fung
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for Li & Fung Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li & Fung and related companies with MarketBeat.com's FREE daily email newsletter.
