Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Should You Sell?

Li Ning Co. (OTCMKTS:LNNGYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $60.3785, but opened at $57.6201. Li Ning shares last traded at $59.9350, with a volume of 348 shares.

Analyst Ratings Changes

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on LNNGY

Li Ning Trading Down 0.8%

The business’s 50-day moving average price is $57.13 and its 200-day moving average price is $55.90.

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.

Further Reading

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