Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) saw unusually-high trading volume on Wednesday. 74,193 shares traded hands during trading, an increase of 453% from the average daily volume of 13,426 shares. The stock last traded at $49.12 and had previously closed at $48.65.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Li Ning from a “strong sell” rating to a “hold” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on Li Ning
Li Ning Stock Up 1.2%
The business’s fifty day simple moving average is $41.91 and its two-hundred day simple moving average is $54.48.
About Li Ning
Li Ning Company Limited is a Chinese sporting goods company founded in 1990 by former Olympic gymnast Li Ning. The company designs, develops, manufactures and sells athletic footwear, apparel, equipment and accessories. Its products serve sports and activities including running, basketball, badminton and training, as well as the broader sportswear market. The company sells under the Li-Ning brand through retail stores, e-commerce and other distribution channels. Li Ning is based in China, its primary market, and also serves customers in international markets.
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