Li Ning (OTCMKTS:LNNGY) Shares Gap Down – Should You Sell?
by Amy Steele · The Cerbat GemShares of Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $61.55, but opened at $58.71. Li Ning shares last traded at $62.07, with a volume of 55 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Li Ning from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Report on Li Ning
Li Ning Price Performance
The firm’s 50-day moving average is $56.51 and its 200 day moving average is $55.53.
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.