Li Bang International (NASDAQ:LBGJ) Major Shareholder Financial Lp Hrt Sells 1,086,186 Shares of Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) major shareholder Financial Lp Hrt sold 1,086,186 shares of Li Bang International stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $0.03, for a total transaction of $32,585.58. Following the sale, the insider owned 148,795 shares of the company’s stock, valued at approximately $4,463.85. This trade represents a 87.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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.
• On Monday, July 27th, Financial Lp Hrt bought 1,068,671 shares of Li Bang International stock. The stock was purchased at an average cost of $0.03 per share, with a total value of $32,060.13.

Li Bang International Price Performance

LBGJ traded down $0.01 during trading on Thursday, hitting $0.02. The company’s stock had a trading volume of 88,036,586 shares, compared to its average volume of 8,851,752. Li Bang International Corporation Inc. has a twelve month low of $0.02 and a twelve month high of $177.00. The firm’s 50 day moving average price is $1.03 and its 200-day moving average price is $21.62. 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 earnings results 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 analysts recently issued reports on the stock. Weiss Ratings reissued 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 report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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.