Longfor Group (OTCMKTS:LGFRY) Hits New 1-Year Low – Should You Sell?

Longfor Group Holdings Limited (OTCMKTS:LGFRY)’s stock price hit a new 52-week low on Tuesday . The company traded as low as C$7.56 and last traded at C$7.65, with a volume of 31752 shares traded. The stock had previously closed at C$7.73.

Analysts Set New Price Targets

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

Longfor Group Trading Down 1.4%

The company has a fifty day moving average price of C$10.24 and a 200-day moving average price of C$11.17.

Longfor Group Company Profile

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.