Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Time to Sell?

Li Ning Co. (OTCMKTS:LNNGYGet Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $63.03, but opened at $60.49. Li Ning shares last traded at $62.9340, with a volume of 163 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Li Ning from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on LNNGY

Li Ning Stock Down 0.0%

The company has a 50 day moving average price of $57.88 and a two-hundred day moving average price of $56.41.

Li Ning Company Profile

(Get Free Report)

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.

Further Reading

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