Li Bang International (NASDAQ:LBGJ) Announces Quarterly Earnings Results

Li Bang International (NASDAQ:LBGJ) released its quarterly earnings data on Wednesday. The company reported ($1.28) earnings per share for the quarter, FiscalAI reports. The company had revenue of $3.14 million for the quarter.

Li Bang International Trading Down 0.5%

Shares of LBGJ stock traded down $0.00 on Wednesday, hitting $0.81. The company’s stock had a trading volume of 31,772 shares, compared to its average volume of 404,408. The stock’s 50 day moving average is $2.95 and its 200-day moving average is $46.66. Li Bang International has a fifty-two week low of $0.75 and a fifty-two week high of $200.00.

Analysts Set New Price Targets

LBGJ has been the topic of several recent analyst reports. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, 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.