Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Here’s What Happened

Li Ning Co. (OTCMKTS:LNNGYGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $50.31, but opened at $47.38. Li Ning shares last traded at $47.43, with a volume of 553 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LNNGY shares. Zacks Research downgraded 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 note on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Get Our Latest Analysis on Li Ning

Li Ning Trading Down 3.1%

The business has a fifty day simple moving average of $60.18 and a 200 day simple moving average of $63.43.

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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