Luda Technology Group (NYSEAMERICAN:LUD) Shares Down 9.2% – Should You Sell?

Shares of Luda Technology Group Limited (NYSEAMERICAN:LUD) traded down 9.2% during mid-day trading on Monday . The stock traded as low as $3.41 and last traded at $4.03. Approximately 13,507 shares were traded during trading, a decline of 25% from the average daily volume of 18,035 shares. The stock had previously closed at $4.44.

Luda Technology Group Trading Up 4.1%

The stock has a 50-day simple moving average of $4.69 and a 200-day simple moving average of $5.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.63 and a quick ratio of 1.43.

Luda Technology Group (NYSEAMERICAN:LUD) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $8.20 million for the quarter.

About Luda Technology Group

Luda Technology Group Ltd (AMEX:LUD) is a US-listed technology company specializing in the development and commercialization of artificial intelligence and autonomous system solutions. The company’s core expertise lies in SLAM (Simultaneous Localization and Mapping) and advanced perception algorithms, enabling real-time 3D mapping, navigation and obstacle avoidance for robotic and unmanned platforms. Luda’s technology base supports applications ranging from indoor service robots to outdoor autonomous vehicles.

Its product suite comprises both hardware modules and software development kits designed for integration by original equipment manufacturers and system integrators.