Li Bang International (NASDAQ:LBGJ) Stock Price Up 8.5% – Still a Buy?

Shares of Li Bang International Corporation Inc. (NASDAQ:LBGJ) shot up 8.5% on Wednesday . The company traded as high as $1.27 and last traded at $1.27. 36,141 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 254,759 shares. The stock had previously closed at $1.17.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LBGJ. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Li Bang International in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Li Bang International currently has a consensus rating of “Sell”.

Li Bang International Price Performance

The company’s 50 day moving average is $1.06 and its 200-day moving average is $29.81. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.09.

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

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.