Luzhou Lao Jiao Co Ltd (000568)

What is Luzhou Lao Jiao Co Ltd (000568)?

Luzhou Laojiao CO.,LTD is a China-based company principally engaged in the design, manufacture and distribution of Chinese liquor products, the company also provides agricultural product planting and sales, supply chain management business, technology and business development, import and export trade, and tourism services. The Company distributes its products primarily under the brand series of National Cellar 1573 and Luzhou Laojiao.The company was formerly known as Luzhou Laojiao Brewery. Luzhou Laojiao Co.,Ltd. was founded in 1950.

000568, is it a good pick?

Luzhou Laojiao CO.,LTD On September 30th published revenue was $4.79B, the same amount as projected. For April 29th, revenues are projected to be $6.69B.

Technical analysis

From Nov 19th to Dec 24th the share price went up 15.38% to a price of $271.49. From Dec 24th to Jan 21st the share price dropped -11.38% to a price of $241.18. The MACD shows that the lines are crossing and the RSI is in the neutral zone, therefore the share price could rise 10.03% to a price of $264.84.