Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $41.03 and last traded at $42.03, with a volume of 37 shares traded. The stock had previously closed at $43.37.
Analyst Ratings Changes
Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Li Ning has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on Li Ning
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.
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