Li Bang International (NASDAQ:LBGJ) Shares Up 20.3% – Should You Buy?

Li Bang International Corporation Inc. (NASDAQ:LBGJ)’s share price shot up 20.3% on Wednesday. The stock traded as high as $2.1672 and last traded at $1.84. Approximately 492,538 shares were traded during mid-day trading, an increase of 117% from the average daily volume of 227,091 shares. The stock had previously closed at $1.53.

Analyst Upgrades and Downgrades

LBGJ has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Li Bang International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. Wall Street Zen raised Li Bang International to a “sell” rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Li Bang International Trading Up 0.6%

The firm has a fifty day simple moving average of $1.96 and a two-hundred day simple moving average of $2,395.91.

Insider Buying and Selling at Li Bang International

In other news, CEO Feng Huang bought 73,147 shares of Li Bang International stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average price of $3.40 per share, with a total value of $248,699.80. Following the completion of the purchase, the chief executive officer directly owned 73,788 shares in the company, valued at $250,879.20. The trade was a 11,411.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Funa Li acquired 15,088 shares of Li Bang International stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of $3.40 per share, for a total transaction of $51,299.20. Following the completion of the transaction, the director directly owned 15,220 shares in the company, valued at approximately $51,748. The trade was a 11,430.30% increase in their position. The SEC filing for this purchase provides additional information.

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.