Li Bang International Corporation Inc. (NASDAQ:LBGJ – Get Free Report) major shareholder Financial Lp Hrt purchased 1,068,671 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were acquired at an average price of $0.03 per share, for a total transaction of $32,060.13. Following the purchase, the insider directly owned 1,234,981 shares in the company, valued at approximately $37,049.43. The trade was a 642.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Friday, July 24th, Financial Lp Hrt sold 391,577 shares of Li Bang International stock. The stock was sold at an average price of $0.03, for a total value of $11,747.31.
Li Bang International Price Performance
NASDAQ:LBGJ opened at $0.02 on Thursday. Li Bang International Corporation Inc. has a one year low of $0.02 and a one year high of $177.00. The business has a fifty day moving average price of $1.03 and a 200-day moving average price of $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.
Wall Street Analyst Weigh In
LBGJ has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research note on Friday, July 17th. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Get Our Latest Research Report on LBGJ
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.
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