Lucas GC Limited (NASDAQ:LGCL – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 6,289 shares, a drop of 51.4% from the September 15th total of 12,943 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily volume of 180,315 shares, the short-interest ratio is presently 0.0 days.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on LGCL shares. Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Lucas GC to a “hold” rating in a research report on Saturday, September 5th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Lucas GC has an average rating of “Sell”.
Check Out Our Latest Analysis on Lucas GC
Lucas GC Price Performance
LGCL traded down $0.10 during trading hours on Friday, reaching $1.71. 15,390 shares of the company’s stock traded hands, compared to its average volume of 340,871. The firm has a 50-day moving average price of $28.39 and a 200 day moving average price of $142.29. Lucas GC has a 52-week low of $1.65 and a 52-week high of $446.25.
Lucas GC (NASDAQ:LGCL – Get Free Report) last released its earnings results on Thursday, October 8th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $18.05 million during the quarter.
About Lucas GC
Lucas GC Limited is a financial services company that operates primarily through subsidiaries in Hong Kong. The company provides services designed to support corporate and institutional clients, as well as investors, across several areas of the financial markets.
Its business activities include corporate finance advisory, securities brokerage, securities underwriting and related capital-markets services. Lucas GC also provides asset management and investment advisory services, helping clients manage investments and pursue financing or strategic objectives.
The company is organized as a holding company incorporated in the Cayman Islands, with operating activities centered in Hong Kong.
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