Leishen Energy (NASDAQ:LSE) Shares Down 4.8% – Should You Sell?

Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) dropped 4.8% during mid-day trading on Thursday . The company traded as low as $4.56 and last traded at $4.57. Approximately 3,270 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 6,204 shares. The stock had previously closed at $4.80.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Leishen Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Leishen Energy Stock Down 4.8%

The company has a 50 day moving average of $4.89 and a 200 day moving average of $5.27.

Leishen Energy Company Profile

Leishen Cayman is a holding company incorporated in the Cayman Islands. As a holding company with no material operations of its own, Leishen Cayman conducts substantially all of the operations through its Operating Subsidiaries. Our primary office is located in Beijing, China, from which we serve a large customer base throughout the PRC. Our Group comprises 12 subsidiaries, established in, having branches, offices or customer service centers in the Xinjiang, Sichuan, Shandong and Jiangsu provinces of China, as well as Hong Kong.