Lucas GC (NASDAQ:LGCL) Stock Price Down 10.8% – Here’s What Happened

Lucas GC Limited (NASDAQ:LGCL) shares dropped 10.8% on Thursday . The stock traded as low as $0.85 and last traded at $1.65. 19,194,795 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 6,413,721 shares. The stock had previously closed at $1.85.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lucas GC presently has a consensus rating of “Sell”.

Lucas GC Price Performance

The stock’s 50-day moving average price is $1.77 and its 200-day moving average price is $1.85.

Lucas GC (NASDAQ:LGCL) last announced its quarterly earnings data on Monday, April 20th. The company reported ($0.44) earnings per share for the quarter. The company 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. bought a new position in Lucas GC Limited (NASDAQ:LGCL) during the 2nd quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent reporting period.

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.