Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s stock price fell 6.4% on Wednesday . The stock traded as low as $42.3960 and last traded at $42.3960. Approximately 1,771 shares were traded during trading, a decline of 82% from the average daily volume of 10,008 shares. The stock had previously closed at $45.29.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Li Ning currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on LNNGY
Li Ning Stock Performance
Li Ning Company Profile
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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