Shares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $71.02 and last traded at $70.83, with a volume of 1035 shares traded. The stock had previously closed at $69.97.
Analyst Ratings Changes
Separately, Zacks Research cut shares of Li Ning from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on LNNGY
Li Ning Trading Up 1.5%
Li Ning Company Profile
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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