Insider Selling: Li Bang International (NASDAQ:LBGJ) Major Shareholder Sells $11,747.31 in Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 391,577 shares of Li Bang International stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $0.03, for a total value of $11,747.31. Following the completion of the transaction, the insider owned 166,310 shares of the company’s stock, valued at approximately $4,989.30. This trade represents a 70.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 27th, Financial Lp Hrt bought 1,068,671 shares of Li Bang International stock. The shares were bought at an average cost of $0.03 per share, for a total transaction of $32,060.13.

Li Bang International Price Performance

NASDAQ:LBGJ traded up $0.00 during midday trading on Tuesday, hitting $0.03. 106,375,690 shares of the company traded hands, compared to its average volume of 7,695,408. The firm’s fifty day moving average is $1.07 and its 200-day moving average is $22.61. Li Bang International Corporation Inc. has a 12-month low of $0.02 and a 12-month high of $177.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on LBGJ. Weiss Ratings reissued a “sell (e+)” rating on shares of Li Bang International in a research note on Friday, July 17th. Wall Street Zen raised Li Bang International to a “sell” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Li Bang International 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.