Li Bang International (NASDAQ:LBGJ) Major Shareholder Sells $11,747.31 in Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 391,577 shares of Li Bang International stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $0.03, for a total value of $11,747.31. Following the completion of the sale, the insider directly owned 166,310 shares in the company, valued at $4,989.30. This represents a 70.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% 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 Tuesday, July 28th, Financial Lp Hrt sold 1,086,186 shares of Li Bang International stock. The stock was sold at an average price of $0.03, for a total value of $32,585.58.
• On Monday, July 27th, Financial Lp Hrt acquired 1,068,671 shares of Li Bang International stock. The shares were purchased at an average price of $0.03 per share, with a total value of $32,060.13.

Li Bang International Price Performance

NASDAQ:LBGJ opened at $0.02 on Friday. The stock has a 50-day simple moving average of $1.01 and a 200 day simple moving average of $21.10. Li Bang International Corporation Inc. has a 52-week low of $0.02 and a 52-week high of $177.00. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09.

Shares of Li Bang International are scheduled to reverse split before the market opens on 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) last released its earnings results on Wednesday, May 13th. The company reported ($1.28) EPS for the quarter. The business had revenue of $3.14 million during the quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Li Bang International Company Profile

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.