Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $40.87, but opened at $37.92. Li Ning shares last traded at $39.2655, with a volume of 27 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Report on Li Ning
Li Ning Stock Down 0.5%
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.
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