Fenbo (NASDAQ:FEBO) Shares Up 11% – Here’s Why

Fenbo Holdings Limited (NASDAQ:FEBO) traded up 11% during trading on Thursday . The company traded as high as $0.84 and last traded at $0.7550. Approximately 8,443 shares traded hands during mid-day trading, an increase of 194% from the average daily volume of 2,875 shares. The stock had previously closed at $0.68.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Fenbo from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Fenbo has an average rating of “Sell”.

Fenbo Stock Performance

The business has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $1.06. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20.

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