Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $37.85 and last traded at $39.4440, with a volume of 109 shares changing hands. The stock had previously closed at $40.87.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on LNNGY
Li Ning Stock Down 3.3%
About Li Ning
Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. Headquartered in Beijing, the company develops, manufactures, markets and sells products under the Li-Ning brand, including athletic footwear, apparel, accessories and sports equipment.
The company serves consumers through retail stores, distributors, e-commerce platforms and other sales channels. Its product portfolio is designed for sports and lifestyle use, with offerings associated with activities such as basketball, running, training, badminton and table tennis.
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