Li Bang International (NASDAQ:LBGJ) Major Shareholder Purchases $32,060.13 in Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt bought 1,068,671 shares of the company’s stock in a transaction on Monday, July 27th. The shares were acquired at an average price of $0.03 per share, for a total transaction of $32,060.13. Following the completion of the acquisition, the insider owned 1,234,981 shares in the company, valued at $37,049.43. This represents a 642.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, July 28th, Financial Lp Hrt sold 1,086,186 shares of Li Bang International stock. The shares were sold at an average price of $0.03, for a total transaction of $32,585.58.
• On Friday, July 24th, Financial Lp Hrt sold 391,577 shares of Li Bang International stock. The shares were sold at an average price of $0.03, for a total transaction of $11,747.31.

Li Bang International Trading Down 25.0%

NASDAQ:LBGJ opened at $0.02 on Friday. The firm has a 50-day simple moving average of $1.01 and a 200-day simple moving average of $21.10. Li Bang International Corporation Inc. has a one year low of $0.02 and a one year 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’s stock is scheduled to reverse split before the market opens on Monday, August 3rd. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 2nd.

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

Analysts Set New Price Targets

Several research firms have recently commented on LBGJ. Wall Street Zen raised Li Bang International to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Li Bang International in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus 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.