Lucas GC (NASDAQ:LGCL) Trading Down 6.5% – Here’s What Happened

Lucas GC Limited (NASDAQ:LGCL) shares dropped 6.5% on Tuesday . The company traded as low as $1.84 and last traded at $1.86. Approximately 2,139 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 6,837 shares. The stock had previously closed at $1.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lucas GC in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Lucas GC Stock Down 8.3%

The stock has a 50 day simple moving average of $1.82 and a two-hundred day simple moving average of $1.95.

Lucas GC (NASDAQ:LGCL) last announced its earnings results on Monday, April 20th. The company reported ($0.44) EPS for the quarter. The firm had revenue of $47.48 million for the quarter.

Institutional Investors Weigh In On Lucas GC

An institutional investor recently bought a new position in Lucas GC stock. Murchinson Ltd. bought a new stake in Lucas GC Limited (NASDAQ:LGCL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned about 0.13% of Lucas GC as of its most recent filing with the Securities & Exchange Commission.

Lucas GC Company Profile

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.