Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $48.30 and last traded at $50.59, with a volume of 105 shares. The stock had previously closed at $51.70.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on LNNGY shares. The Goldman Sachs Group upgraded Li Ning from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 22nd. Zacks Research lowered Li Ning from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.
Read Our Latest Report on Li Ning
Li Ning Price Performance
About Li Ning
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.
Read More
- Five stocks we like better than Li Ning
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
- 5 Stocks Solving the AI Power Crisis
- 3 Oil Refiners Built to Cash In on Higher Crack Spreads
- Microsoft’s Boring Stock Story May Be Its Biggest Strength
Receive News & Ratings for Li Ning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Ning and related companies with MarketBeat.com's FREE daily email newsletter.
