Li Bang International Corporation Inc. (NASDAQ:LBGJ – Get Free Report) CEO Feng Huang acquired 73,147 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was purchased at an average cost of $3.40 per share, with a total value of $248,699.80. Following the completion of the purchase, the chief executive officer directly owned 73,788 shares of the company’s stock, valued at approximately $250,879.20. This represents a 11,411.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Li Bang International Price Performance
NASDAQ LBGJ traded down $0.31 during trading on Wednesday, hitting $3.15. The stock had a trading volume of 177,759 shares, compared to its average volume of 1,653,315. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15. The firm has a 50 day moving average price of $145.88 and a 200 day moving average price of $2,759.56. Li Bang International Corporation Inc. has a twelve month low of $2.81 and a twelve month high of $35,400.00.
Wall Street Analysts Forecast Growth
LBGJ has been the topic of a number of research reports. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings upgraded shares of Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
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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