Li Bang International (NASDAQ:LBGJ) Major Shareholder Financial Lp Hrt Sells 391,577 Shares

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 391,577 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $0.03, for a total transaction of $11,747.31. Following the transaction, the insider owned 166,310 shares of the company’s stock, valued at approximately $4,989.30. This represents a 70.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, July 27th, Financial Lp Hrt acquired 1,068,671 shares of Li Bang International stock. The stock was bought at an average cost of $0.03 per share, with a total value of $32,060.13.

Li Bang International Trading Up 8.3%

Shares of Li Bang International stock opened at $0.03 on Wednesday. Li Bang International Corporation Inc. has a fifty-two week low of $0.02 and a fifty-two week high of $177.00. 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 company’s 50 day moving average price is $1.05 and its two-hundred day moving average price is $22.12.

Li Bang International (NASDAQ:LBGJ) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($1.28) earnings per share (EPS) for the quarter. The firm had revenue of $3.14 million for the quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LBGJ. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a report on Friday, July 17th. Wall Street Zen raised Li Bang International to a “sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Li Bang International currently has a consensus 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.