Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares traded down 3.7% during trading on Wednesday. The stock traded as low as $39.75 and last traded at $40.92. Approximately 321 shares were traded during mid-day trading, a decline of 98% from the average session volume of 13,056 shares. The stock had previously closed at $42.51.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Li Ning from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Li Ning has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Li Ning
Li Ning Trading Down 3.3%
The stock has a fifty day simple moving average of $41.89 and a two-hundred day simple moving average of $51.10.
Li Ning Company Profile
Li Ning Co, Ltd. is a Chinese sporting goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells sportswear and athletic equipment under the Li-Ning brand.
Its product range includes athletic and lifestyle footwear, apparel and accessories, as well as equipment for sports such as basketball, badminton, table tennis and running. The company also operates the Li-Ning Young children’s sportswear business and has developed additional brands and product lines serving different segments of the sports and fashion markets.
Li Ning primarily serves consumers in mainland China through retail stores, distributors and online channels, while also pursuing international sales and brand development.
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