Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $43.49, but opened at $41.77. Li Ning shares last traded at $42.51, with a volume of 1,388 shares.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Li Ning has an average rating of “Moderate Buy”.
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Li Ning Stock Performance
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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