Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares saw an uptick in trading volume on Friday . 19,800 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 8,332 shares.The stock last traded at $46.04 and had previously closed at $45.90.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on LNNGY
Li Ning Stock Performance
About Li Ning
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.
Recommended Stories
- Five stocks we like better than Li Ning
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for Li Ning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Ning and related companies with MarketBeat.com's FREE daily email newsletter.
