Li Ning (OTCMKTS:LNNGY) Shares Down 5.8% – Here’s Why

Li Ning Co. (OTCMKTS:LNNGYGet Free Report)’s share price fell 5.8% during trading on Monday . The stock traded as low as $63.00 and last traded at $65.19. 112 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 2,893 shares. The stock had previously closed at $69.22.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Li Ning from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Li Ning has an average rating of “Sell”.

Read Our Latest Analysis on LNNGY

Li Ning Stock Performance

The business has a 50 day moving average of $60.50 and a 200 day moving average of $57.62.

Li Ning Company Profile

(Get Free Report)

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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