Key Points
- Financial Lp Hrt sold 1,086,186 Li Bang International shares at an average price of $0.03, reducing its position by 87.95% to 148,795 shares. The major shareholder also sold 391,577 shares and acquired 1,068,671 shares in recent transactions.
- Li Bang International is scheduled for a 1-for-200 reverse stock split on August 3, with shareholder positions adjusted after the August 2 market close.
- The stock opened at $0.02 and has received an overall “Sell” rating from tracked analysts. The company 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 1,086,186 shares of the 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 transaction, the insider owned 148,795 shares of the company's stock, 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 can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions 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 shares were sold at an average price of $0.03, for a total value of $11,747.31.
- On Monday, July 27th, Financial Lp Hrt acquired 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 Price Performance
NASDAQ LBGJ opened at $0.02 on Friday. Li Bang International Corporation Inc. has a 52 week low of $0.02 and a 52 week high of $177.00. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.09. The firm's 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $21.10.
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 closing bell on Sunday, August 2nd.
Li Bang International (NASDAQ:LBGJ - Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($1.28) earnings per share for the quarter. The firm had revenue of $3.14 million for the quarter.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on LBGJ. Weiss Ratings reiterated a "sell (e+)" rating on shares of Li Bang International in a research note on Friday, July 17th. Wall Street Zen upgraded Li Bang International to a "sell" rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".
Get Our Latest Stock Analysis on Li Bang International
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.
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