Financial Lp Hrt Sells 1,086,186 Shares of Li Bang International (NASDAQ:LBGJ) Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ – Get Free Report) major shareholder Financial Lp Hrt sold 1,086,186 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $0.03, for a total transaction of $32,585.58. Following the completion of the transaction, the insider 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 legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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• On Friday, July 24th, Financial Lp Hrt sold 391,577 shares of Li Bang International stock. The shares were sold at an average price of $0.03, for a total transaction of $11,747.31.
• On Monday, July 27th, Financial Lp Hrt purchased 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 Trading Up 3.9%

Shares of LBGJ opened at $0.02 on Friday. Li Bang International Corporation Inc. has a twelve month low of $0.02 and a twelve month high of $177.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07. The firm has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $20.96.

Li Bang International’s stock is scheduled 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 market closes on Sunday, August 2nd.

Li Bang International (NASDAQ:LBGJ – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($1.28) EPS for the quarter. The firm had revenue of $3.14 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LBGJ shares. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Li Bang International in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Analysis on LBGJ

Li Bang International Company Profile

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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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