Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) saw an uptick in trading volume on Thursday . 24,370 shares were traded during mid-day trading, an increase of 107% from the previous session’s volume of 11,747 shares.The stock last traded at $39.1550 and had previously closed at $39.20.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on LNNGY
Li Ning Trading Down 0.6%
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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