Li Bang International Stock Set to Reverse Split on Monday, August 3rd (NASDAQ:LBGJ)

Li Bang International Corporation Inc. (NASDAQ:LBGJ) shares are going to reverse split on the morning of Monday, August 3rd. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

Li Bang International Stock Performance

Shares of NASDAQ LBGJ traded down $0.01 during mid-day trading on Thursday, reaching $0.02. The company had a trading volume of 88,036,586 shares, compared to its average volume of 56,908,312. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $1.01 and its 200-day moving average is $21.10. Li Bang International has a 52 week low of $0.02 and a 52 week high of $177.00.

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

Analyst Ratings Changes

Several research analysts recently weighed in on LBGJ shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research report on Friday, July 17th. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Li Bang International has an average rating of “Sell”.

Insiders Place Their Bets

In other Li Bang International news, major shareholder Financial Lp Hrt sold 1,086,186 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $0.03, for a total value of $32,585.58. Following the completion of the sale, the insider directly owned 148,795 shares in the company, valued at $4,463.85. This represents a 87.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

About Li Bang International

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.