Shares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $44.41 and last traded at $46.1850, with a volume of 391 shares trading hands. The stock had previously closed at $45.63.
Analyst Ratings Changes
Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on Li Ning
Li Ning Trading Down 2.8%
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.
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