Li Ning Co. (OTCMKTS:LNNGY – Get Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $57.56 and traded as low as $53.80. Li Ning shares last traded at $55.01, with a volume of 2,159 shares.
Analyst Ratings Changes
Separately, Zacks Research lowered Li Ning from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Get Our Latest Research Report on Li Ning
Li Ning Stock Performance
Li Ning Increases Dividend
The firm also recently announced a dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were issued a dividend of $1.1001 per share. This is a boost from Li Ning’s previous dividend of $0.65. This represents a yield of 287.0%. The ex-dividend date was Thursday, September 4th.
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.
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