Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $42.27, but opened at $39.86. Li Ning shares last traded at $42.2650, with a volume of 5 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of Li Ning from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Li Ning presently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Li Ning
Li Ning Stock Down 0.2%
About Li Ning
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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