Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $65.49, but opened at $69.25. Li Ning shares last traded at $69.8750, with a volume of 90 shares.
Analyst Ratings Changes
Separately, Zacks Research downgraded Li Ning from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Li Ning has a consensus rating of “Sell”.
Read Our Latest Research Report on LNNGY
Li Ning Stock Up 3.3%
Li Ning Company Profile
Li Ning Company Limited is a leading Chinese sportswear company engaged in the design, development, manufacturing and sale of athletic and lifestyle products. The company’s portfolio includes performance footwear, apparel and accessories tailored for running, basketball, training and other fitness activities. Li Ning distributes its products through an extensive network of concept stores, franchise outlets and e-commerce platforms across China and growing markets overseas.
Founded in 1990 by Li Ning, a decorated Olympic gymnast, the company quickly gained prominence in domestic and international markets.
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