Lucas GC (NASDAQ:LGCL) Trading Down 3% – Here’s What Happened

Lucas GC Limited (NASDAQ:LGCL)’s stock price dropped 3% on Monday . The stock traded as low as $1.52 and last traded at $1.8620. Approximately 19,436 shares were traded during mid-day trading, an increase of 365% from the average daily volume of 4,182 shares. The stock had previously closed at $1.92.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucas GC in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Lucas GC Stock Down 7.2%

The company’s fifty day moving average is $1.72 and its two-hundred day moving average is $2.28.

Lucas GC (NASDAQ:LGCL) last released its quarterly earnings data on Monday, April 20th. The company reported ($0.44) earnings per share for the quarter. The business had revenue of $47.48 million for the quarter.

Institutional Trading of Lucas GC

A hedge fund recently bought a new stake in Lucas GC stock. Murchinson Ltd. acquired a new position in shares of Lucas GC Limited (NASDAQ:LGCL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned approximately 0.13% of Lucas GC at the end of the most recent quarter.

About Lucas GC

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.