Leishen Energy (NASDAQ:LSE) Stock Price Down 2.4% – Here’s What Happened

Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) shares were down 2.4% on Tuesday . The company traded as low as $4.70 and last traded at $4.98. Approximately 16,602 shares traded hands during trading, an increase of 707% from the average daily volume of 2,058 shares. The stock had previously closed at $5.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Leishen Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Leishen Energy Trading Down 2.4%

The business has a 50 day simple moving average of $5.32 and a two-hundred day simple moving average of $5.44.

Leishen Energy Company Profile

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.