Leishen Energy (NASDAQ:LSE) Shares Up 1.8% – Still a Buy?

Shares of Leishen Energy Holding Co., Ltd. (NASDAQ:LSE) rose 1.8% during trading on Monday . The company traded as high as $4.68 and last traded at $4.64. Approximately 4,284 shares were traded during trading, a decline of 18% from the average daily volume of 5,218 shares. The stock had previously closed at $4.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Leishen Energy in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Leishen Energy Stock Performance

The stock’s 50 day moving average price is $4.75 and its two-hundred day moving average price is $5.17.

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. 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.