Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 19,800 shares were traded during mid-day trading, an increase of 138% from the previous session’s volume of 8,332 shares.The stock last traded at $46.04 and had previously closed at $45.90.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on LNNGY
Li Ning Price 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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