Li Ning (OTCMKTS:LNNGY) Sets New 52-Week Low – Here’s What Happened

Li Ning Co. (OTCMKTS:LNNGY) reached a new 52-week low on Thursday . The stock traded as low as $40.02 and last traded at $41.8320, with a volume of 20 shares. The stock had previously closed at $45.29.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Li Ning Stock Performance

The stock has a fifty day simple moving average of $45.72 and a 200-day simple moving average of $56.35.

Li Ning Company Profile

Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. Headquartered in Beijing, the company develops, manufactures, markets and sells products under the Li-Ning brand, including athletic footwear, apparel, accessories and sports equipment.

The company serves consumers through retail stores, distributors, e-commerce platforms and other sales channels. Its product portfolio is designed for sports and lifestyle use, with offerings associated with activities such as basketball, running, training, badminton and table tennis.