Shares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) saw an uptick in trading volume on Wednesday . Approximately 26,551 shares were traded during mid-day trading, an increase of 233% from the previous session’s volume of 7,971 shares.The stock last traded at $47.33 and had previously closed at $47.08.
Analysts Set New Price Targets
Separately, Zacks Research lowered 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Li Ning presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Li Ning
Li Ning Price Performance
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.
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