Li Ning (OTCMKTS:LNNGY) Hits New 1-Year High – What’s Next?

Li Ning Co. (OTCMKTS:LNNGYGet Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $66.4250 and last traded at $66.4250, with a volume of 121 shares trading hands. The stock had previously closed at $62.58.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Li Ning from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Li Ning has a consensus rating of “Hold”.

Check Out Our Latest Research Report on LNNGY

Li Ning Price Performance

The firm’s fifty day moving average price is $58.68 and its 200-day moving average price is $56.78.

About Li Ning

(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.

Featured Stories

Receive News & Ratings for Li Ning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Li Ning and related companies with MarketBeat.com's FREE daily email newsletter.