Luda Technology Group (NYSEAMERICAN:LUD) Shares Down 4.7% – Here’s What Happened

Luda Technology Group Limited (NYSEAMERICAN:LUD) fell 4.7% during mid-day trading on Thursday. The company traded as low as $3.43 and last traded at $3.81. 8,900 shares changed hands during trading, an increase of 72% from the average session volume of 5,185 shares. The stock had previously closed at $4.00.

Luda Technology Group Stock Performance

The company’s fifty day moving average is $3.98 and its 200-day moving average is $4.86.

Luda Technology Group (NYSEAMERICAN:LUD) last posted its earnings results on Friday, October 30th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $5.92 million during the quarter.

Luda Technology Group Company Profile

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products; and (ii) trading of steel pipes, valves, and other steel tubing products.