Li Bang International (NASDAQ:LBGJ) Releases Quarterly Earnings Results

Li Bang International (NASDAQ:LBGJ) issued its quarterly earnings results on Friday. The company reported ($105.94) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.69 million for the quarter.

Li Bang International Stock Performance

LBGJ stock traded up $0.17 during trading on Friday, hitting $1.93. The company had a trading volume of 29,306 shares, compared to its average volume of 239,967. The business has a 50-day moving average of $1.85 and a 200-day moving average of $2,106.24. Li Bang International has a one year low of $1.29 and a one year high of $25,400.00.

Insider Activity at Li Bang International

In other news, Director Funa Li purchased 15,088 shares of the stock in a transaction on Monday, August 17th. The stock was purchased at an average price of $3.40 per share, for a total transaction of $51,299.20. Following the acquisition, the director owned 15,220 shares in the company, valued at $51,748. This trade represents a 11,430.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Feng Huang purchased 73,147 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was purchased at an average price of $3.40 per share, for a total transaction of $248,699.80. Following the transaction, the chief executive officer directly owned 73,788 shares in the company, valued at approximately $250,879.20. This trade represents a 11,411.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LBGJ. Wall Street Zen upgraded Li Bang International to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings lowered Li Bang International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, 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.