Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 64,771 shares were traded during trading, an increase of 1,366% from the previous session’s volume of 4,417 shares.The stock last traded at $69.45 and had previously closed at $68.39.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on LNNGY. The Goldman Sachs Group raised Li Ning from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Zacks Research raised shares of Li Ning from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Li Ning currently has a consensus rating of “Buy”.
Read Our Latest Stock Report on LNNGY
Li Ning Trading Up 1.5%
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.
Featured Articles
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.
