Luda Technology Group (NYSEAMERICAN:LUD) Stock Price Up 5.5% – Should You Buy?

Shares of Luda Technology Group Limited (NYSEAMERICAN:LUDGet Free Report) shot up 5.5% during trading on Monday . The stock traded as high as $7.00 and last traded at $6.92. 14,313 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 31,261 shares. The stock had previously closed at $6.56.

Luda Technology Group Stock Performance

The business’s 50-day moving average is $10.01 and its 200 day moving average is $7.06.

Luda Technology Group Company Profile

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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.

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