Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $45.08 and last traded at $45.74, with a volume of 1103 shares trading hands. The stock had previously closed at $46.9875.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Zacks Research lowered Li Ning from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. The Goldman Sachs Group raised Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.
View Our Latest Report on Li Ning
Li Ning Trading Up 1.6%
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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