Li Bang International (NASDAQ:LBGJ) Major Shareholder Financial Lp Hrt Sells 1,086,186 Shares

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 1,086,186 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $0.03, for a total transaction of $32,585.58. Following the completion of the sale, the insider owned 148,795 shares of the company’s stock, valued at approximately $4,463.85. This trade represents a 87.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $0.03, for a total transaction of $11,747.31.
• On Monday, July 27th, Financial Lp Hrt bought 1,068,671 shares of Li Bang International stock. The stock was acquired at an average price of $0.03 per share, for a total transaction of $32,060.13.

Li Bang International Price Performance

LBGJ stock opened at $0.02 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $1.01 and a 200-day moving average of $21.10. Li Bang International Corporation Inc. has a 12-month low of $0.02 and a 12-month high of $177.00.

Li Bang International shares are set to reverse split before the market opens on Monday, August 3rd. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 2nd.

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

Wall Street Analyst Weigh In

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