Key Points
- Major shareholder Financial Lp Hrt bought 1,068,671 shares of Li Bang International at an average price of $0.03, increasing its position by 642.58% to 1,234,981 shares. The purchase was disclosed in an SEC filing.
- The transaction followed the shareholder’s sale of 391,577 shares at approximately $0.03 on July 24, indicating recent two-way trading activity by the insider.
- Li Bang International shares were trading up 8.3%, while analyst sentiment remained negative: the company has a consensus “Sell” rating and recently reported a quarterly loss of $1.28 per share on $3.14 million in revenue.
Li Bang International Corporation Inc. (NASDAQ:LBGJ - Get Free Report) major shareholder Financial Lp Hrt sold 391,577 shares of the firm's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $0.03, for a total value of $11,747.31. Following the transaction, the insider directly owned 166,310 shares of the company's stock, valued at approximately $4,989.30. This represents a 70.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% 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 Monday, July 27th, Financial Lp Hrt bought 1,068,671 shares of Li Bang International stock. The shares were bought at an average cost of $0.03 per share, for a total transaction of $32,060.13.
Li Bang International Trading Up 8.3%
Shares of LBGJ stock opened at $0.03 on Wednesday. Li Bang International Corporation Inc. has a 1-year low of $0.02 and a 1-year high of $177.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07. The stock has a 50-day moving average of $1.05 and a 200-day moving average of $22.12.
Li Bang International (NASDAQ:LBGJ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($1.28) EPS for the quarter. The company had revenue of $3.14 million during the quarter.
Analyst Ratings Changes
A number of brokerages have recently issued reports on LBGJ. Weiss Ratings restated 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 report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Li Bang International has a consensus rating of "Sell".
Get Our Latest Research Report on LBGJ
About Li Bang International
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
