Li Ning (OTCMKTS:LNNGY) Hits New 12-Month High – Still a Buy?

Li Ning Co. (OTCMKTS:LNNGYGet Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $71.02 and last traded at $70.83, with a volume of 1035 shares traded. The stock had previously closed at $69.97.

Analysts Set New Price Targets

Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Li Ning presently has an average rating of “Sell”.

Get Our Latest Report on Li Ning

Li Ning Price Performance

The business’s fifty day simple moving average is $64.36 and its two-hundred day simple moving average is $59.28.

About Li Ning

(Get Free Report)

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.

Further Reading

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