Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares reached a new 52-week low during trading on Thursday . The company traded as low as $44.41 and last traded at $46.1850, with a volume of 391 shares changing hands. The stock had previously closed at $45.63.
Analysts Set New Price Targets
Separately, Zacks Research cut shares of Li Ning from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Li Ning presently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on LNNGY
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.
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