Li Ning (OTCMKTS:LNNGY) Sets New 52-Week Low – Here’s What Happened

Li Ning Co. (OTCMKTS:LNNGY)’s share price reached a new 52-week low on Wednesday . The company traded as low as $39.21 and last traded at $40.79, with a volume of 79635 shares. The stock had previously closed at $41.34.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Li Ning from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One 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 an average rating of “Moderate Buy”.

Li Ning Stock Up 1.8%

The stock has a fifty day moving average price of $45.20 and a 200 day moving average price of $55.35.

Li Ning Company Profile

Li Ning Company Limited is a Chinese sportswear and sporting-goods company founded in 1990 by Olympic gymnast Li Ning. Headquartered in Beijing, the company develops, manufactures, markets and sells products under the Li-Ning brand, including athletic footwear, apparel, accessories and sports equipment.

The company serves consumers through retail stores, distributors, e-commerce platforms and other sales channels. Its product portfolio is designed for sports and lifestyle use, with offerings associated with activities such as basketball, running, training, badminton and table tennis.