Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $70.62, but opened at $66.32. Li Ning shares last traded at $70.40, with a volume of 362 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Li Ning currently has a consensus rating of “Sell”.
View Our Latest 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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