Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) saw an uptick in trading volume on Wednesday . 26,551 shares were traded during trading, an increase of 233% from the previous session’s volume of 7,971 shares.The stock last traded at $47.33 and had previously closed at $47.08.
Analysts Set New Price Targets
Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a 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. Based on data from MarketBeat.com, Li Ning currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Report on Li Ning
Li Ning Trading Down 1.9%
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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