Shares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) saw unusually-strong trading volume on Wednesday. 74,193 shares changed hands during mid-day trading, an increase of 453% from the average daily volume of 13,426 shares. The stock last traded at $49.12 and had previously closed at $48.65.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Li Ning from a “strong sell” rating to a “hold” rating in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Li Ning currently has an average rating of “Buy”.
Get Our Latest Stock Report on LNNGY
Li Ning Price Performance
The company has a fifty day simple moving average of $41.91 and a 200-day simple moving average of $54.48.
Li Ning Company Profile
Li Ning Company Limited is a Chinese sporting goods company founded in 1990 by former Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and accessories. Its products serve sports and activities including running, basketball, badminton and training, as well as the broader sportswear market. The company sells under the Li-Ning brand through retail stores, e-commerce and other distribution channels. Li Ning is based in China, its primary market, and also serves customers in international markets.
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