Li Bang International Corporation Inc. (NASDAQ:LBGJ – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 119,232 shares, an increase of 104.1% from the August 31st total of 58,428 shares. Approximately 1,987.2% of the company’s shares are short sold. Based on an average trading volume of 824,205 shares, the short-interest ratio is currently 0.1 days.
Li Bang International Price Performance
LBGJ stock traded down $0.04 during trading on Tuesday, reaching $1.96. The company had a trading volume of 32,009 shares, compared to its average volume of 481,208. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07. Li Bang International has a 52 week low of $1.86 and a 52 week high of $25,400.00. The business has a 50 day moving average of $3.15 and a 200 day moving average of $191.89.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on LBGJ. Weiss Ratings lowered Li Bang International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Wall Street Zen raised Li Bang International to a “sell” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Li Bang International presently has a consensus rating of “Sell”.
Insider Buying and Selling at Li Bang International
In other news, CEO Feng Huang bought 73,147 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of $3.40 per share, for a total transaction of $248,699.80. Following the completion of the acquisition, the chief executive officer owned 73,788 shares in the company, valued at approximately $250,879.20. This trade represents a 11,411.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Financial Lp Hrt sold 5,430 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $6.00, for a total value of $32,580.00. Following the completion of the sale, the insider directly owned 743 shares in the company, valued at $4,458. The trade was a 87.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 93,578 shares of company stock worth $332,057.
Li Bang International Company Profile
Li Bang International Corporation Limited is a holding company that operates through its subsidiaries in China. The company focuses on the commercial kitchen equipment industry, serving organizations that require equipment and systems for the preparation, storage, and handling of food.
Its product offerings include commercial cooking equipment, food-processing equipment, refrigeration and storage equipment, stainless-steel kitchen products, and related ventilation or exhaust systems. Li Bang International may also provide services associated with the design, installation, and maintenance of commercial kitchen facilities.
The company primarily serves commercial and institutional customers in China, including restaurants, hotels, schools, hospitals, and other organizations with professional food-service operations.
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