Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $49.50, but opened at $47.10. Li Ning shares last traded at $48.0550, with a volume of 9,410 shares.
Analyst Ratings Changes
Separately, Zacks Research raised Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Check Out Our Latest Analysis on LNNGY
Li Ning Stock Down 2.8%
The firm’s fifty day moving average price is $41.71 and its 200 day moving average price is $54.67.
About Li Ning
Li Ning Company Limited is a Chinese sporting goods company founded in 1990 by former Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and accessories.
Its products serve sports and activities including running, basketball, badminton and training, as well as the broader sportswear market. The company sells under the Li-Ning brand through retail stores, e-commerce and other distribution channels.
Li Ning is based in China, its primary market, and also serves customers in international markets.
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