Li Bang International (NASDAQ:LBGJ) Director Buys $51,299.20 in Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) Director Funa Li purchased 15,088 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 $51,299.20. Following the transaction, the director owned 15,220 shares in the company, valued at $51,748. This represents a 11,430.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Li Bang International Stock Performance

Shares of NASDAQ:LBGJ opened at $3.05 on Friday. 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 Corporation Inc. has a 12 month low of $2.81 and a 12 month high of $35,400.00. The company’s 50-day moving average price is $136.80 and its two-hundred day moving average price is $2,623.83.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LBGJ shares. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a report on Saturday. Weiss Ratings raised Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One equities 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.