Li Ning Company Limited (OTCMKTS:LNNGF – Get Free Report)’s stock price rose 24.5% during mid-day trading on Thursday. The company traded as high as $1.93 and last traded at $1.93. Approximately 20,000 shares traded hands during trading, an increase of 717% from the average daily volume of 2,448 shares. The stock had previously closed at $1.55.
Li Ning Stock Performance
The firm has a 50-day simple moving average of $1.69 and a 200 day simple moving average of $2.16.
About Li Ning
Li Ning Company Limited is a Chinese sporting goods company founded in 1990 by Li Ning, an Olympic gymnastics champion. The company designs, develops, manufactures and sells sportswear, athletic footwear, equipment and accessories under the Li-Ning brand and related product lines.
Its products cover sports and lifestyle categories including running, basketball, training, badminton, table tennis and fashion-oriented athletic apparel. Li Ning distributes its products through branded retail stores, authorized dealers, e-commerce platforms and other sales channels.
Based in China, the company primarily serves the Chinese market while also developing an international presence through overseas distribution, retail and brand-building activities.
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