Luda Technology Group (NYSEAMERICAN:LUD) Shares Down 4.7% – Should You Sell?

Shares of Luda Technology Group Limited (NYSEAMERICAN:LUD) dropped 4.7% on Thursday. The stock traded as low as $3.43 and last traded at $3.81. Approximately 8,900 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 5,185 shares. The stock had previously closed at $4.00.

Luda Technology Group Price Performance

The company has a 50 day moving average price of $3.99 and a 200 day moving average price of $4.89.

Luda Technology Group (NYSEAMERICAN:LUD) last issued its quarterly earnings results on Friday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $5.92 million during the quarter.

Luda Technology Group Company Profile

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products; and (ii) trading of steel pipes, valves, and other steel tubing products.