Li Ning (OTCMKTS:LNNGY) Shares Gap Up – Still a Buy?

Li Ning Co. (OTCMKTS:LNNGYGet Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $65.49, but opened at $69.25. Li Ning shares last traded at $69.8750, with a volume of 90 shares traded.

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, Based on data from MarketBeat.com, Li Ning currently has a consensus rating of “Hold”.

View Our Latest Analysis on LNNGY

Li Ning Stock Up 4.6%

The company’s fifty day moving average price is $59.06 and its two-hundred day moving average price is $56.96.

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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