Insider Selling: Li Bang International (NASDAQ:LBGJ) Major Shareholder Sells $32,585.58 in Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 1,086,186 shares of the stock in a transaction dated 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 transaction, the insider directly owned 148,795 shares in the company, valued at $4,463.85. The trade was a 87.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock 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 purchased 1,068,671 shares of Li Bang International stock. The stock was purchased at an average price of $0.03 per share, for a total transaction of $32,060.13.

Li Bang International Stock Up 3.9%

LBGJ stock opened at $0.02 on Friday. The business’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $20.96. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. Li Bang International Corporation Inc. has a 1-year low of $0.02 and a 1-year high of $177.00.

Shares of Li Bang International are scheduled to reverse split on the morning of 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 announced its quarterly earnings results on Wednesday, May 13th. The company reported ($1.28) earnings per share (EPS) for the quarter. The business had revenue of $3.14 million during the quarter.

Wall Street Analysts Forecast Growth

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