Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 74,193 shares traded hands during trading, an increase of 453% from the average daily volume of 13,426 shares. The stock last traded at $49.12 and had previously closed at $48.65.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Li Ning from a “strong sell” rating to a “hold” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.
View Our Latest Stock Report on Li Ning
Li Ning Stock Down 1.4%
Li Ning Company Profile
Li Ning Company Limited is a Chinese sporting goods company founded in 1990 by former Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and accessories. Its products serve sports and activities including running, basketball, badminton and training, as well as the broader sportswear market. The company sells under the Li-Ning brand through retail stores, e-commerce and other distribution channels. Li Ning is based in China, its primary market, and also serves customers in international markets.
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