Separately, Zacks Investment Research downgraded shares of Lonking from a buy rating to a hold rating in a research note on Tuesday, October 27th.
Shares of OTCMKTS:LONKF opened at $0.25 on Thursday. The company has a 50-day moving average price of $0.25 and a 200-day moving average price of $0.30. Lonking has a 12 month low of $0.25 and a 12 month high of $0.31.
Lonking Holdings Limited, an investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China. It also provides hydraulic excavators and skid steer loaders; and diesel, electric, and LPG forklifts. In addition, the company offers components, such as axles, gear boxes, cylinders, gears, castings, and high-end hydraulic pumps and valves; and main valves, parts, pilot oil valves, radial plunger motors, swing motors and reducer assemblies, and variable plunger pumps.
Further Reading: Return on Investment (ROI) Defined, Explained
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