Leishen Energy (NASDAQ:LSE) Shares Down 0.4% - Here's Why
Leishen Energy (NASDAQ:LSE) shares fell 0.4% to $5.24 during mid-day trading, with a volume decline of 52% from the average. Analysts have rated the stock as a 'Sell' with Weiss Ratings giving it a 'sell (d-)' rating. The stock's 50-day and 200-day moving averages are $5.39 and $5.46, respectively. Despite the downturn, MarketBeat suggests that there are better investment options than Leishen Energy.
Shares of Leishen Energy Holding Co., Ltd. (NASDAQ:LSE - Get Free Report) fell 0.4% during mid-day trading on Tuesday . The company traded as low as $5.21 and last traded at $5.24. 5,090 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 10,605 shares. The stock had previously closed at $5.26.
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Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Leishen Energy in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".
Check Out Our Latest Report on Leishen Energy
Leishen Energy Price Performance
The stock's 50-day moving average is $5.39 and its 200-day moving average is $5.46.
Leishen Energy Company Profile
(Get Free Report)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.
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