Li Bang International (NASDAQ:LBGJ) Shares Up 1.3% – Here’s Why

Li Bang International Corporation Inc. (NASDAQ:LBGJGet Free Report)’s stock price shot up 1.3% on Monday . The company traded as high as $0.9910 and last traded at $0.9757. 43,196 shares were traded during trading, a decline of 90% from the average session volume of 436,381 shares. The stock had previously closed at $0.9636.

Analysts Set New Price Targets

A number of research firms have weighed in on LBGJ. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Li Bang International in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Check Out Our Latest Report on LBGJ

Li Bang International Trading Up 1.3%

The business has a fifty day simple moving average of $2.41 and a 200-day simple moving average of $45.33. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09.

Li Bang International (NASDAQ:LBGJGet Free Report) last posted 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 during the quarter.

Li Bang International Company Profile

(Get Free Report)

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.

Further Reading

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