Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $40.87, but opened at $37.92. Li Ning shares last traded at $39.2655, with a volume of 27 shares changing hands.
Wall Street Analyst Weigh In
Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a report 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.com, Li Ning has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on Li Ning
Li Ning Stock Performance
About Li Ning
Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. Headquartered in Beijing, the company develops, manufactures, markets and sells products under the Li-Ning brand, including athletic footwear, apparel, accessories and sports equipment.
The company serves consumers through retail stores, distributors, e-commerce platforms and other sales channels. Its product portfolio is designed for sports and lifestyle use, with offerings associated with activities such as basketball, running, training, badminton and table tennis.
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