Li Ning (OTCMKTS:LNNGY) Trading 5.7% Higher – Should You Buy?

Li Ning Co. (OTCMKTS:LNNGY)’s stock price rose 5.7% on Monday . The stock traded as high as $59.8701 and last traded at $59.80. Approximately 546 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 9,879 shares. The stock had previously closed at $56.59.

Wall Street Analyst Weigh In

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

Li Ning Stock Up 5.4%

The business’s fifty day moving average is $55.59 and its 200-day moving average is $54.92.

About Li Ning

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.