Longfor Group (OTCMKTS:LGFRY) Stock Price Down 2.6% – What’s Next?

Longfor Group Holdings Limited (OTCMKTS:LGFRY) shares fell 2.6% on Thursday . The company traded as low as C$12.73 and last traded at C$12.79. 582,716 shares were traded during trading, an increase of 695% from the average session volume of 73,263 shares. The stock had previously closed at C$13.14.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Longfor Group to a “neutral” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Longfor Group Stock Performance

The firm has a 50 day simple moving average of C$12.07 and a 200-day simple moving average of C$13.00.

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.