Li Ning (OTCMKTS:LNNGF) Shares Up 1.8% – Still a Buy?

Li Ning Company Limited (OTCMKTS:LNNGFGet Free Report) shares rose 1.8% on Tuesday . The stock traded as high as $2.85 and last traded at $2.85. Approximately 800 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 1,840 shares. The stock had previously closed at $2.80.

Li Ning Price Performance

The stock’s 50-day moving average price is $2.54 and its 200 day moving average price is $2.33.

About Li Ning

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Li Ning Company Limited is a leading manufacturer, distributor and retailer of sportswear and sports equipment headquartered in Beijing, China. The company’s product portfolio encompasses athletic footwear, apparel and accessories tailored to running, basketball, badminton, tennis and fitness segments. Since its founding in 1990 by former Olympic gymnast Li Ning, the firm has developed a comprehensive supply chain that spans design, manufacturing, wholesale and retail channels.

Li Ning distributes its products through a network of directly operated stores, franchised outlets and e-commerce platforms across mainland China.

Further Reading

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