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

Li Ning Co. (OTCMKTS:LNNGY) shares gapped down before the market opened on Monday . The stock had previously closed at $56.75, but opened at $54.27. Li Ning shares last traded at $57.14, with a volume of 341 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Li Ning from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Li Ning Price Performance

The stock’s fifty day moving average price is $56.15 and its two-hundred day moving average price is $53.90.

Li Ning Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were given a dividend of $1.1001 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a dividend yield of 287.0%. This is an increase from Li Ning’s previous dividend of $0.65.

About Li Ning

Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.