Shares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $56.75, but opened at $54.27. Li Ning shares last traded at $57.14, with a volume of 341 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research raised Li Ning from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Analysis on LNNGY
Li Ning Trading Down 0.7%
Li Ning Increases Dividend
The firm also recently announced a dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were paid a dividend of $1.1001 per share. This represents a dividend yield of 287.0%. This is a boost from Li Ning’s previous dividend of $0.65. The ex-dividend date of this dividend was Thursday, September 4th.
Li Ning Company Profile
Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.
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