Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares 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 traded.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Li Ning from a “strong sell” rating to a “hold” rating in a research note on Monday, November 2nd. One investment 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 an average rating of “Buy”.
View Our Latest Stock Report on Li Ning
Li Ning Stock Performance
The business has a 50-day moving average of $41.91 and a two-hundred day moving average of $54.48.
Li Ning Company Profile
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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