Lonking (OTCMKTS:LONKF) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Lonking Holdings Ltd. (OTCMKTS:LONKF - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.33 and traded as high as $0.33. Lonking shares last traded at $0.33, with a volume of 0 shares traded.Lonking Trading Down 0.9%The firm's 50-day simple moving average is $0.33 and its two-hundred day simple moving average is $0.34. Lonking Company Profile (Get Free Report)Lonking Holdings Limited is a China-based manufacturer and distributor of construction machinery and equipment. The company’s product portfolio includes wheel loaders, excavators, road rollers, forklifts and other earth-moving and material-handling machinery. Through its in-house design and engineering teams, Lonking develops equipment tailored to infrastructure, mining, logistics and agricultural applications. Established in the early 1990s and headquartered in Zhanjiang, Guangdong Province, Lonking has grown from a regional manufacturer into a global supplier of construction machinery.Recommended StoriesFive stocks we like better than LonkingINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffBuy This Stock at 9:30 AM on MONDAY!A U.S. “birthright” claim worth trillions - activated quietlyIf You Keep Cash In A U.S. Bank Account… Read This NOWNEW LAW: Congress Approves Setup For Digital Dollar?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Lonking Right Now?Before you consider Lonking, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lonking wasn't on the list.While Lonking currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here