Lianhe Sowell International Group (NASDAQ:LHSW) Shares Up 16.4% – Here’s What Happened

Lianhe Sowell International Group Ltd (NASDAQ:LHSW)’s share price rose 16.4% during trading on Thursday. The stock traded as high as $0.5796 and last traded at $0.4773. Approximately 23,806,932 shares traded hands during trading, an increase of 30% from the average daily volume of 18,376,844 shares. The stock had previously closed at $0.4101.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LHSW shares. Wall Street Zen downgraded Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Lianhe Sowell International Group in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Lianhe Sowell International Group Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average is $1.77 and its 200-day moving average is $2.49.

Lianhe Sowell International Group (NASDAQ:LHSW) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.79) earnings per share for the quarter. The business had revenue of $8.37 million during the quarter.

About Lianhe Sowell International Group

Lianhe Sowell International Group Limited is an industrial automation and intelligent manufacturing company based in China. Through its operating subsidiaries, the company provides automation equipment, production-line integration and related engineering solutions designed to help manufacturers improve production efficiency and process control.

Its offerings include customized manufacturing systems and equipment, industrial automation technologies, and software or control solutions used in automated production environments.