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Li Ning (OTCMKTS:LNNGY) Share Price Crosses Below 50-Day Moving Average - Here's Why

Li Ning logo with Retail/Wholesale background

Li Ning Company Limited (OTCMKTS:LNNGY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $52.07 and traded as low as $45.61. Li Ning shares last traded at $46.51, with a volume of 4,216 shares.

Li Ning Trading Down 0.7 %

The company has a fifty day moving average price of $51.58 and a 200-day moving average price of $51.95.

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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