Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $46.12 and traded as low as $45.00. Li Ning shares last traded at $45.29, with a volume of 24,608 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered shares of Li Ning from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Get Our Latest Research Report on Li Ning
Li Ning Trading Up 4.8%
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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