Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.59 and last traded at $42.34, with a volume of 2523 shares trading hands. The stock had previously closed at $43.5750.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of 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 stock. According to data from MarketBeat.com, Li Ning has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on LNNGY
Li Ning Stock Performance
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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