Li Bang International (NASDAQ:LBGJ) Stock to Reverse Split on Monday, August 3rd

Shares of Li Bang International Corporation Inc. (NASDAQ:LBGJ) are scheduled to reverse split before the market opens on 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 Stock Down 25.0%

LBGJ traded down $0.01 during trading hours on Thursday, hitting $0.02. 88,036,586 shares of the company’s stock were exchanged, compared to its average volume of 8,851,752. Li Bang International has a 12-month low of $0.02 and a 12-month high of $177.00. The firm has a 50 day moving average of $1.01 and a 200 day moving average of $21.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LBGJ shares. 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 report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Insider Buying and Selling

In other Li Bang International news, major shareholder Financial Lp Hrt sold 1,086,186 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $0.03, for a total value of $32,585.58. Following the sale, the insider directly owned 148,795 shares of the company’s stock, valued at approximately $4,463.85. This represents a 87.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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.