Li Bang International Stock Scheduled to Reverse Split on Monday, August 3rd (NASDAQ:LBGJ)

Li Bang International Corporation Inc. (NASDAQ:LBGJ)’s stock is scheduled to reverse split on 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 Stock Performance

NASDAQ:LBGJ traded down $0.01 during trading on Thursday, reaching $0.02. The company’s stock had a trading volume of 88,036,586 shares, compared to its average volume of 56,908,312. Li Bang International has a 12 month low of $0.02 and a 12 month high of $177.00. The firm has a 50 day moving average of $1.01 and a 200-day moving average of $21.10. 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 (NASDAQ:LBGJ) last announced its earnings results on Wednesday, May 13th. The company reported ($1.28) earnings per share (EPS) for the quarter. The firm had revenue of $3.14 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on LBGJ shares. 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 shares of Li Bang International to a “sell” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Transactions at Li Bang International

In other Li Bang International news, major shareholder Financial Lp Hrt sold 1,086,186 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $0.03, for a total value of $32,585.58. Following the sale, the insider directly owned 148,795 shares in the company, valued at $4,463.85. The trade was a 87.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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.