Li Bang International (NASDAQ:LBGJ) Raised to “Sell” at Wall Street Zen

Li Bang International (NASDAQ:LBGJ) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Li Bang International Stock Performance

Shares of LBGJ opened at $3.05 on Friday. Li Bang International has a 1 year low of $2.81 and a 1 year high of $35,400.00. The stock’s 50-day moving average price is $136.80 and its two-hundred day moving average price is $2,523.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15.

Insider Activity

In other Li Bang International news, Director Funa Li acquired 15,088 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $3.40 per share, with a total value of $51,299.20. Following the purchase, the director owned 15,220 shares of the company’s stock, valued at $51,748. This represents a 11,430.30% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Feng Huang bought 73,147 shares of Li Bang International stock in a transaction on Monday, August 17th. The shares were acquired at an average price of $3.40 per share, for a total transaction of $248,699.80. Following the completion of the acquisition, the chief executive officer owned 73,788 shares of the company’s stock, valued at approximately $250,879.20. This represents a 11,411.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 93,578 shares of company stock valued at $332,057 in the last quarter.

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.