Zacks Investment Research Upgrades Luk Fook Hldgs (LKFLF) to “Hold”

Zacks Investment Research upgraded shares of Luk Fook Hldgs (OTCMKTS:LKFLF) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “Luk Fook Holdings Limited is a jewellery retailer. The company principally engages in the sourcing, designing, wholesaling, trademark licensing and retailing of gold and platinum jewellery and gem-set jewellery products primarily in Mainland China, Hong Kong, Macau, Singapore, Korea, the United States, Canada and Australia. Luk Fook Holdings Limited is headquartered in Jordan, Hong Kong. “

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Shares of LKFLF stock opened at $3.38 on Wednesday. Luk Fook Hldgs has a 52 week low of $3.11 and a 52 week high of $4.21.

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About Luk Fook Hldgs

Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry. The company is also involved in gold bullion trading; wholesaling polished diamonds; property holding; retailing optical products; wholesaling and retailing watches; and the provision of quality examination services, as well as the authentication of gemstones.

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