Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) hit a new 52-week low on Friday . The company traded as low as $45.03 and last traded at $45.90, with a volume of 64 shares trading hands. The stock had previously closed at $47.13.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Li Ning from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. The Goldman Sachs Group upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.
View Our Latest Analysis on LNNGY
Li Ning Trading Up 1.7%
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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