Li Ning (OTCMKTS:LNNGY) Shares Gap Down – What’s Next?

Li Ning Co. (OTCMKTS:LNNGYGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $59.79, but opened at $56.4901. Li Ning shares last traded at $58.82, with a volume of 334 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Li Ning presently has an average rating of “Hold”.

Check Out Our Latest Analysis on Li Ning

Li Ning Stock Performance

The firm has a 50 day simple moving average of $55.84 and a two-hundred day simple moving average of $55.11.

About Li Ning

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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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