Li Ning (OTCMKTS:LNNGY) Sets New 1-Year High – Here’s What Happened

Shares of Li Ning Co. (OTCMKTS:LNNGY) hit a new 52-week high on Friday . The stock traded as high as $74.18 and last traded at $71.64, with a volume of 686 shares traded. The stock had previously closed at $73.00.

Analyst Ratings Changes

Separately, Zacks Research cut Li Ning from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Li Ning presently has a consensus rating of “Sell”.

Li Ning Trading Down 2.1%

The business’s fifty day moving average price is $65.85 and its two-hundred day moving average price is $60.13.

About Li Ning

Li Ning Company Limited is a leading Chinese sportswear company engaged in the design, development, manufacturing and sale of athletic and lifestyle products. The company’s portfolio includes performance footwear, apparel and accessories tailored for running, basketball, training and other fitness activities. Li Ning distributes its products through an extensive network of concept stores, franchise outlets and e-commerce platforms across China and growing markets overseas.

Founded in 1990 by Li Ning, a decorated Olympic gymnast, the company quickly gained prominence in domestic and international markets.