Shares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $44.41 and last traded at $46.1850, with a volume of 391 shares trading hands. The stock had previously closed at $45.63.
Analyst Ratings Changes
Separately, Zacks Research cut shares of 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.
Read Our Latest Report on LNNGY
Li Ning Trading Down 0.8%
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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