Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares reached a new 52-week low 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.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered shares of Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Li Ning currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on Li Ning
Li Ning Stock Down 3.3%
Li Ning Company Profile
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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