Leishen Energy (NASDAQ:LSE) Trading Down 7% – Time to Sell?

Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) traded down 7% on Tuesday . The stock traded as low as $3.82 and last traded at $3.86. 6,234 shares were traded during trading, a decline of 77% from the average session volume of 26,894 shares. The stock had previously closed at $4.15.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Leishen Energy in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Leishen Energy Stock Performance

The firm’s 50 day simple moving average is $4.80 and its 200-day simple moving average is $4.76.

Leishen Energy (NASDAQ:LSE) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $10.07 million during the quarter.

About Leishen Energy

Leishen Cayman is a holding company incorporated in the Cayman Islands. As a holding company with no material operations of its own, Leishen Cayman conducts substantially all of the operations through its Operating Subsidiaries. Our primary office is located in Beijing, China, from which we serve a large customer base throughout the PRC. Our Group comprises 12 subsidiaries, established in, having branches, offices or customer service centers in the Xinjiang, Sichuan, Shandong and Jiangsu provinces of China, as well as Hong Kong.