Li Bang International (NASDAQ:LBGJ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Li Bang International (NASDAQ:LBGJ) to a sell rating in a report published on Saturday.

Separately, Weiss Ratings raised 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, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Li Bang International Trading Down 3.6%

Shares of Li Bang International stock opened at $2.94 on Friday. The company’s fifty day simple moving average is $131.82 and its two-hundred day simple moving average is $2,403.96. Li Bang International has a 12-month low of $2.81 and a 12-month high of $35,400.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

Insider Transactions at Li Bang International

In other news, major shareholder Financial Lp Hrt sold 5,430 shares of Li Bang International stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $6.00, for a total transaction of $32,580.00. Following the sale, the insider owned 743 shares of the company’s stock, valued at approximately $4,458. The trade was a 87.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Feng Huang purchased 73,147 shares of Li Bang International stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $3.40 per share, for a total transaction of $248,699.80. Following the transaction, the chief executive officer directly owned 73,788 shares of the company’s stock, valued at $250,879.20. This trade represents a 11,411.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 93,578 shares of company stock valued at $332,057.

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.