Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Should You Sell?

Li Ning Co. (OTCMKTS:LNNGY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $61.55, but opened at $58.71. Li Ning shares last traded at $62.07, with a volume of 55 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Li Ning presently has an average rating of “Hold”.

Li Ning Trading Up 0.1%

The business has a 50 day simple moving average of $56.51 and a two-hundred day simple moving average of $55.53.

Li Ning Company Profile

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.