Li Bang International (NASDAQ:LBGJ) CEO Purchases 73,147 Shares

Li Bang International Corporation Inc. (NASDAQ:LBGJ) CEO Feng Huang acquired 73,147 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $3.40 per share, for a total transaction of $248,699.80. Following the completion of the acquisition, the chief executive officer directly owned 73,788 shares of the company’s stock, valued at $250,879.20. The trade was a 11,411.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Li Bang International Stock Down 9.0%

Li Bang International stock traded down $0.31 during mid-day trading on Wednesday, hitting $3.15. The company’s stock had a trading volume of 177,759 shares, compared to its average volume of 1,653,315. The stock’s fifty day moving average is $145.88 and its two-hundred day moving average is $2,759.56. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. Li Bang International Corporation Inc. has a 1 year low of $2.81 and a 1 year high of $35,400.00.

Wall Street Analyst Weigh In

LBGJ has been the subject of a number of research analyst reports. Wall Street Zen upgraded 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 report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Li Bang International has an average 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.