Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) traded down 5.8% during mid-day trading on Monday . The stock traded as low as $63.00 and last traded at $65.19. 112 shares changed 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.
Wall Street Analyst Weigh In
Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Get Our Latest Stock Report on Li Ning
Li Ning Trading Down 4.1%
About Li Ning
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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