Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Time to Sell?

by · The Markets Daily

Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares gapped down before the market opened on Wednesday. The stock had previously closed at $40.50, but opened at $38.25. Li Ning shares last traded at $40.54, with a volume of 75 shares trading hands.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on LNNGY

Li Ning Stock Down 2.2%

The business’s 50 day moving average price is $43.96 and its 200-day moving average price is $53.87.

About Li Ning

(Get Free Report)

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.

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