Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $41.59 and last traded at $42.34, with a volume of 2523 shares. The stock had previously closed at $43.5750.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Li Ning presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on LNNGY
Li Ning Trading Up 0.7%
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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