HSBC Upgrades Luk Fook Holdings (International) (OTCMKTS:LKFLF) to Buy

Luk Fook Holdings (International) (OTCMKTS:LKFLF) was upgraded by analysts at HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

OTCMKTS LKFLF opened at $1.94 on Monday. Luk Fook Holdings has a 52 week low of $1.00 and a 52 week high of $3.17. The business has a 50 day moving average price of $1.88 and a 200-day moving average price of $2.28.

About Luk Fook Holdings (International)

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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