Fenbo (NASDAQ:FEBO) Shares Down 10% – What’s Next?

Fenbo Holdings Limited (NASDAQ:FEBO)’s share price fell 10% during mid-day trading on Wednesday . The stock traded as low as $0.7801 and last traded at $0.90. 6,435 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 4,791 shares. The stock had previously closed at $1.00.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Fenbo from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Fenbo Stock Down 2.7%

The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $1.13 and a 200-day moving average of $1.08.

Fenbo (NASDAQ:FEBO) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $2.74 million during the quarter.

Fenbo Company Profile

Fenbo Holdings Limited, through its subsidiaries, manufactures and sells personal care electric appliances and toys products. The company offers curling wands and irons, flat irons and hair straighteners, hair dryers, trimmers, nail polishers, pet shampoo brushes, eyebrow pliers, etc. It serves customers in Europe, North America, South America, Asia, and internationally. The company was founded in 1993 and is headquartered in Kwun Tong, Hong Kong. Fenbo Holdings Limited operates as a subsidiary of Luxury Max Investments Limited.