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 the company’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 Monday, July 27th, Financial Lp Hrt bought 1,068,671 shares of Li Bang International stock. The shares were acquired at an average cost of $0.03 per share, for a total transaction of $32,060.13.

Li Bang International Stock Up 8.3%

LBGJ traded up $0.00 on Tuesday, hitting $0.03. 106,375,690 shares of the company’s stock traded hands, compared to its average volume of 7,695,408. The company’s 50 day simple moving average is $1.07 and its 200-day simple moving average is $22.61. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. Li Bang International Corporation Inc. has a one year low of $0.02 and a one year high of $177.00.

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 business had revenue of $3.14 million during the quarter.

Wall Street Analysts Forecast Growth

LBGJ has been the subject of a number of research reports. Wall Street Zen upgraded shares of Li Bang International to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Li Bang International Company Profile

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.