Longfor Group (OTCMKTS:LGFRY) Shares Gap Up – Should You Buy?

Longfor Group Holdings Limited (OTCMKTS:LGFRYGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at C$8.48, but opened at C$8.88. Longfor Group shares last traded at C$8.77, with a volume of 31,137 shares changing hands.

Longfor Group Trading Up 2.2%

The firm has a 50-day moving average of C$8.30 and a 200-day moving average of C$10.06.

About Longfor Group

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Longfor Group Holdings Limited (OTCMKTS: LGFRY) is a leading integrated real estate developer based in Beijing, China. Established in 1995, the company focuses on property development, property investment and property management. Its core business activities include the design, construction and sale of residential communities, as well as the development of commercial retail properties, office buildings and serviced apartments.

In addition to traditional real estate development, Longfor Group has diversified into the operation and management of urban complexes that combine shopping malls, hotels, offices and cultural facilities.

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