Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Here’s What Happened

Li Ning Co. (OTCMKTS:LNNGYGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $70.62, but opened at $66.32. Li Ning shares last traded at $70.40, with a volume of 362 shares.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on LNNGY

Li Ning Trading Up 0.8%

The firm has a fifty day moving average price of $62.92 and a 200-day moving average price of $58.71.

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.

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