Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Time to Sell?

Li Ning Co. (OTCMKTS:LNNGY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $54.70, but opened at $53.05. Li Ning shares last traded at $55.32, with a volume of 22 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Li Ning from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Li Ning Stock Performance

The business has a 50-day simple moving average of $57.05 and a 200-day simple moving average of $52.69.

Li Ning Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be issued a $1.1001 dividend. The ex-dividend date is Thursday, September 4th. This is a positive change from Li Ning’s previous dividend of $0.65. This represents a dividend yield of 287.0%.

About Li Ning

Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.