Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $57.10, but opened at $53.90. Li Ning shares last traded at $55.56, with a volume of 112 shares changing hands.
Analyst Ratings Changes
Several research analysts have recently issued reports on LNNGY shares. The Goldman Sachs Group raised Li Ning from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Zacks Research downgraded shares of Li Ning from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.
Check Out Our Latest Report on LNNGY
Li Ning Trading Up 2.0%
About Li Ning
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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