Li Bang International Corporation Inc. (NASDAQ:LBGJ – Get Free Report) Director Funa Li purchased 15,088 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of $3.40 per share, with a total value of $51,299.20. Following the completion of the acquisition, the director directly owned 15,220 shares of the company’s stock, valued at $51,748. This represents a 11,430.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Li Bang International Stock Down 9.0%
NASDAQ:LBGJ traded down $0.31 during mid-day trading on Wednesday, reaching $3.15. The stock had a trading volume of 177,759 shares, compared to its average volume of 1,653,315. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07. Li Bang International Corporation Inc. has a twelve month low of $2.81 and a twelve month high of $35,400.00. The business has a 50 day simple moving average of $145.88 and a 200 day simple moving average of $2,759.56.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on LBGJ. Weiss Ratings raised Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Li Bang International Company Profile
Li Bang International Corporation Inc specializes in the research, development, production and sale of stainless steel commercial kitchen equipment under its own `Li Bang` brand principally in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Li Bang International Corporation Inc is based in Jiangyin, China.
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