Longfor Group (OTCMKTS:LGFRY) Shares Gap Down – Here’s Why

Longfor Group Holdings Limited (OTCMKTS:LGFRYGet Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at C$11.15, but opened at C$9.76. Longfor Group shares last traded at C$9.84, with a volume of 1,147 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Longfor Group to a “hold” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Longfor Group currently has an average rating of “Hold”.

View Our Latest Analysis on Longfor Group

Longfor Group Price Performance

The firm’s 50-day moving average is C$10.54 and its two-hundred day moving average is C$11.46.

About Longfor Group

(Get Free Report)

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.

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