Li Bang International (NASDAQ:LBGJ) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Li Bang International (NASDAQ:LBGJ) to a sell rating in a research note released on Saturday morning.

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

Li Bang International Stock Down 2.2%

NASDAQ LBGJ opened at $3.05 on Friday. The firm’s 50 day moving average price is $136.80 and its 200-day moving average price is $2,623.83. 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 has a 52-week low of $2.81 and a 52-week high of $35,400.00.

Insider Buying and Selling

In other news, Director Funa Li purchased 15,088 shares of the stock in a transaction on Monday, August 17th. The stock was bought at an average price of $3.40 per share, with a total value of $51,299.20. Following the transaction, the director owned 15,220 shares in the company, valued at $51,748. The trade was a 11,430.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Financial Lp Hrt sold 5,430 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $6.00, for a total value of $32,580.00. Following the completion of the transaction, the insider directly owned 743 shares in the company, valued at $4,458. This represents a 87.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought 93,578 shares of company stock worth $332,057 in the last 90 days.

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.