Insider Buying: Li Bang International (NASDAQ:LBGJ) CEO Buys $248,699.80 in Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) CEO Feng Huang bought 73,147 shares of the company’s stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $3.40 per share, for a total transaction of $248,699.80. Following the transaction, the chief executive officer owned 73,788 shares in the company, valued at $250,879.20. The trade was a 11,411.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Li Bang International Trading Down 2.2%

Shares of Li Bang International stock opened at $3.05 on Friday. The firm’s 50 day simple moving average is $136.80 and its two-hundred day simple moving average is $2,623.83. Li Bang International Corporation Inc. has a 12-month low of $2.81 and a 12-month high of $35,400.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LBGJ shares. Wall Street Zen upgraded Li Bang International to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently 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.