Li Bang International (NASDAQ:LBGJ) Issues Quarterly Earnings Results

Li Bang International (NASDAQ:LBGJ) issued its quarterly earnings results on Friday. The company reported ($105.94) EPS for the quarter, FiscalAI reports. The business had revenue of $0.69 million for the quarter.

Li Bang International Price Performance

Shares of NASDAQ:LBGJ traded up $0.17 during midday trading on Friday, hitting $1.93. The stock had a trading volume of 29,306 shares, compared to its average volume of 108,999. Li Bang International has a 12 month low of $1.29 and a 12 month high of $25,400.00. The business’s 50-day simple moving average is $1.84 and its 200-day simple moving average is $2,035.08.

Analyst Ratings Changes

A number of analysts recently issued reports on LBGJ shares. Wall Street Zen raised Li Bang International to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings lowered Li Bang International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, CEO Feng Huang purchased 73,147 shares of the company’s stock in a transaction on Monday, August 17th. The shares were purchased at an average cost of $3.40 per share, with a total value of $248,699.80. Following the completion of the transaction, the chief executive officer owned 73,788 shares of the company’s stock, valued at $250,879.20. The trade was a 11,411.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Funa Li purchased 15,088 shares of the business’s stock in a transaction on Monday, August 17th. The stock was purchased 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 approximately $51,748. The trade was a 11,430.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

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.