Li Ning (OTCMKTS:LNNGY) Trading 5.7% Higher – Here’s Why

Shares of Li Ning Co. (OTCMKTS:LNNGYGet Free Report) were up 5.7% on Monday . The stock traded as high as $59.8701 and last traded at $59.80. Approximately 546 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 9,879 shares. The stock had previously closed at $56.59.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on LNNGY

Li Ning Price Performance

The company has a 50-day moving average price of $55.59 and a two-hundred day moving average price of $54.92.

Li Ning Company Profile

(Get Free Report)

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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