Li Bang International (NASDAQ:LBGJ) Trading 8.5% Higher – Still a Buy?

Li Bang International Corporation Inc. (NASDAQ:LBGJ) shares shot up 8.5% on Wednesday . The stock traded as high as $1.27 and last traded at $1.27. 36,141 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 254,759 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Li Bang International to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Li Bang International in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Li Bang International has an average rating of “Sell”.

Li Bang International Trading Up 8.5%

The business has a 50-day simple moving average of $1.05 and a 200-day simple moving average of $30.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.15.

Li Bang International (NASDAQ:LBGJ) last announced its earnings results on Wednesday, May 13th. The company reported ($1.28) EPS for the quarter. The firm had revenue of $3.14 million during the quarter.

Li Bang International Company Profile

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.