Luk Fook (OTCMKTS:LKFLF) Cut to “Strong Sell” at The Goldman Sachs Group

Luk Fook (OTCMKTS:LKFLF) was downgraded by investment analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a report released on Friday, Zacks reports.

Luk Fook Price Performance

LKFLF opened at $3.00 on Friday. Luk Fook has a one year low of $2.50 and a one year high of $4.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.67 and a quick ratio of 0.50. The company’s 50 day simple moving average is $3.00 and its 200-day simple moving average is $3.17.

About Luk Fook

Luk Fook Holdings (International) Limited is a Hong Kong-based jewelry retailer and manufacturer that operates under the Lukfook brand. The company sells gold and platinum jewelry, gem-set jewelry, jade products, watches, and other fashion accessories, serving customers through retail stores and other distribution channels.

Founded in 1991, Luk Fook has expanded from its Hong Kong base into a broader regional jewelry business. Its operations include jewelry design, product development, sourcing, manufacturing, wholesale distribution, and retailing.