Li Bang International (NASDAQ:LBGJ) Major Shareholder Financial Lp Hrt Purchases 1,068,671 Shares of Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt purchased 1,068,671 shares of the stock in a transaction on Monday, July 27th. The stock was acquired at an average cost of $0.03 per share, with a total value of $32,060.13. Following the acquisition, the insider owned 1,234,981 shares of the company’s stock, valued at approximately $37,049.43. This represents a 642.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 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 shares were sold at an average price of $0.03, for a total transaction of $11,747.31.

Li Bang International Price Performance

Shares of Li Bang International stock opened at $0.03 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $1.05 and a 200 day moving average price of $22.12. Li Bang International Corporation Inc. has a 52 week low of $0.02 and a 52 week high of $177.00.

Li Bang International (NASDAQ:LBGJ) last released its 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 for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a research report on Friday, July 17th. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from 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.