Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $40.02 and last traded at $41.8320, with a volume of 20 shares. The stock had previously closed at $45.29.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Li Ning
Li Ning Trading Down 4.5%
Li Ning Company Profile
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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