Li Bang International (NASDAQ:LBGJ) Director Buys 15,088 Shares of Stock

Li Bang International Corporation Inc. (NASDAQ:LBGJ) Director Funa Li acquired 15,088 shares of the company’s stock in a transaction on Monday, August 17th. The stock was acquired at an average price of $3.40 per share, for a total transaction of $51,299.20. Following the completion of the purchase, the director owned 15,220 shares of the company’s stock, valued at $51,748. This trade represents a 11,430.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Li Bang International Stock Performance

Shares of LBGJ traded down $0.31 during mid-day trading on Wednesday, hitting $3.15. 177,759 shares of the company’s stock were exchanged, compared to its average volume of 1,653,315. Li Bang International Corporation Inc. has a fifty-two week low of $2.81 and a fifty-two week high of $35,400.00. The business’s 50 day moving average is $145.88 and its two-hundred day moving average is $2,759.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.15 and a quick ratio of 1.07.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings raised Li Bang International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Wall Street Zen raised Li Bang International to a “sell” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.