Financial Lp Hrt Acquires 1,068,671 Shares of Li Bang International (NASDAQ:LBGJ) Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt purchased 1,068,671 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was acquired at an average cost of $0.03 per share, for a total transaction of $32,060.13. Following the completion of the purchase, the insider owned 1,234,981 shares of the company’s stock, valued at approximately $37,049.43. This represents a 642.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major 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 Friday, July 24th, Financial Lp Hrt sold 391,577 shares of Li Bang International stock. The stock was sold at an average price of $0.03, for a total transaction of $11,747.31.

Li Bang International Price Performance

NASDAQ LBGJ traded up $0.00 during trading hours on Tuesday, hitting $0.03. 106,375,690 shares of the company’s stock traded hands, compared to its average volume of 7,695,408. 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 Corporation Inc. has a 52-week low of $0.02 and a 52-week high of $177.00. The firm’s 50-day moving average is $1.07 and its 200-day moving average is $22.61.

Li Bang International (NASDAQ:LBGJ) last released its earnings results on Wednesday, May 13th. The company reported ($1.28) earnings per share for the quarter. The business had revenue of $3.14 million for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wall Street Zen upgraded Li Bang International to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Li Bang International in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Li Bang International

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.