Li Ning (OTCMKTS:LNNGY) Sees Unusually-High Trading Volume – Here’s What Happened

Li Ning Co. (OTCMKTS:LNNGY) shares saw unusually-high trading volume on Monday . Approximately 2,702 shares traded hands during mid-day trading, a decline of 11% from the previous session’s volume of 3,049 shares.The stock last traded at $73.12 and had previously closed at $71.03.

Analyst Ratings Changes

Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Li Ning Trading Up 1.9%

The stock’s fifty day simple moving average is $64.65 and its two-hundred day simple moving average is $59.50.

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.