Fenbo (NASDAQ:FEBO) Shares Down 6.6% – Here’s Why

Shares of Fenbo Holdings Limited (NASDAQ:FEBO) fell 6.6% on Thursday . The company traded as low as $0.9253 and last traded at $0.9526. 5,305 shares changed hands during trading, a decline of 98% from the average daily volume of 236,164 shares. The stock had previously closed at $1.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Fenbo from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fenbo has a consensus rating of “Sell”.

Fenbo Price Performance

The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $1.05 and a 200 day moving average of $1.10.

Fenbo (NASDAQ:FEBO) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $2.74 million during the quarter.

Fenbo Company Profile

Fenbo Holdings Limited, through its subsidiaries, manufactures and sells personal care electric appliances and toys products. The company offers curling wands and irons, flat irons and hair straighteners, hair dryers, trimmers, nail polishers, pet shampoo brushes, eyebrow pliers, etc. It serves customers in Europe, North America, South America, Asia, and internationally. The company was founded in 1993 and is headquartered in Kwun Tong, Hong Kong. Fenbo Holdings Limited operates as a subsidiary of Luxury Max Investments Limited.