Fenbo (NASDAQ:FEBO) Shares Down 13.2% – Time to Sell?

Fenbo Holdings Limited (NASDAQ:FEBO)’s stock price dropped 13.2% on Friday . The stock traded as low as $1.15 and last traded at $1.1550. Approximately 2,677 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 12,871 shares. The stock had previously closed at $1.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Fenbo in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Fenbo Stock Down 13.2%

The company’s 50 day moving average price is $1.14 and its two-hundred day moving average price is $1.00.

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.