Li Bang International (NASDAQ:LBGJ) Major Shareholder Acquires $32,060.13 in Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt bought 1,068,671 shares of the stock in a transaction on Monday, July 27th. The shares were bought at an average cost of $0.03 per share, with a total value of $32,060.13. Following the purchase, the insider owned 1,234,981 shares of the company’s stock, valued at $37,049.43. This trade represents a 642.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Friday, July 24th, Financial Lp Hrt sold 391,577 shares of Li Bang International stock. The shares were sold at an average price of $0.03, for a total transaction of $11,747.31.

Li Bang International Stock Performance

Shares of Li Bang International stock traded up $0.00 on Tuesday, reaching $0.03. The company had a trading volume of 106,375,690 shares, compared to its average volume of 7,695,408. The firm’s 50 day moving average price is $1.07 and its two-hundred day moving average price is $22.61. Li Bang International Corporation Inc. has a 52-week low of $0.02 and a 52-week high of $177.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LBGJ shares. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Li Bang International in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently 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.