Li Bang International (NASDAQ:LBGJ) Shares Down 1.6% – What’s Next?

Li Bang International Corporation Inc. (NASDAQ:LBGJ)’s share price traded down 1.6% during mid-day trading on Tuesday . The company traded as low as $1.10 and last traded at $1.22. 253,660 shares traded hands during trading, an increase of 141% from the average session volume of 105,093 shares. The stock had previously closed at $1.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen raised Li Bang International to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Li Bang International in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Li Bang International presently has a consensus rating of “Sell”.

Li Bang International Trading Down 5.9%

The stock’s fifty day moving average price is $1.02 and its 200-day moving average price is $36.95. 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 (NASDAQ:LBGJ) last released its quarterly 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 for the quarter.

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.