Li Ning (OTCMKTS:LNNGY) Hits New 12-Month High – Still a Buy?

Li Ning Co. (OTCMKTS:LNNGYGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $74.18 and last traded at $71.64, with a volume of 686 shares traded. The stock had previously closed at $73.00.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on LNNGY

Li Ning Price Performance

The company’s 50-day moving average price is $65.64 and its 200-day moving average price is $59.96.

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.

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