Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $41.03 and last traded at $42.03, with a volume of 37 shares changing hands. The stock had previously closed at $43.37.
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 investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Li Ning currently has an average rating of “Moderate Buy”.
View Our Latest Report on LNNGY
Li Ning Trading Down 2.3%
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.
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