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

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 1,086,186 shares of Li Bang International stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $0.03, for a total value of $32,585.58. Following the completion of the sale, the insider owned 148,795 shares in the company, valued at approximately $4,463.85. This trade represents a 87.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 value 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 cost of $0.03 per share, with a total value of $32,060.13.

Li Bang International Price Performance

Li Bang International stock traded down $0.01 during midday trading on Thursday, reaching $0.02. The company’s stock had a trading volume of 88,036,586 shares, compared to its average volume of 8,851,752. Li Bang International Corporation Inc. has a fifty-two week low of $0.02 and a fifty-two week high of $177.00. The stock’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $21.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LBGJ shares. Wall Street Zen raised 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 report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, 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.