Financial Lp Hrt Sells 391,577 Shares of Li Bang International (NASDAQ:LBGJ) Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 391,577 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $0.03, for a total transaction of $11,747.31. Following the completion of the transaction, the insider directly owned 166,310 shares in the company, valued at $4,989.30. This trade represents a 70.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 27th, Financial Lp Hrt acquired 1,068,671 shares of Li Bang International stock. The shares were purchased at an average cost of $0.03 per share, with a total value of $32,060.13.

Li Bang International Stock Performance

Shares of NASDAQ LBGJ opened at $0.02 on Thursday. The business’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $21.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15. Li Bang International Corporation Inc. has a one year low of $0.02 and a one year high of $177.00.

Li Bang International (NASDAQ:LBGJ) last issued its earnings results on Wednesday, May 13th. The company reported ($1.28) earnings per share for the quarter. The business had revenue of $3.14 million during the quarter.

Analyst Ratings Changes

LBGJ has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a research report on Friday, July 17th. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Li Bang International 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.