Fenbo (NASDAQ:FEBO) Trading Down 6.6% – Here’s What Happened

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 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 MarketBeat, the company presently has a consensus rating of “Sell”.

Fenbo Trading Down 6.6%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.07. The business’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $1.10.

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