Shares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) hit a new 52-week low on Friday . The company traded as low as $45.03 and last traded at $45.90, with a volume of 64 shares. The stock had previously closed at $47.13.
Wall Street Analysts Forecast Growth
Several analysts recently commented on LNNGY shares. Zacks Research cut shares of Li Ning from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. The Goldman Sachs Group upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. 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 MarketBeat.com, the stock presently has an average rating of “Buy”.
Check Out Our Latest Stock Analysis on Li Ning
Li Ning Stock Up 1.7%
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.
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