Free Trial

Li Ning (OTCMKTS:LNNGY) Shares Gap Down - Here's What Happened

Li Ning logo with Retail/Wholesale background

Shares of Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $53.35, but opened at $51.86. Li Ning shares last traded at $54.42, with a volume of 20 shares trading hands.

Li Ning Trading Down 2.8%

The stock has a fifty day moving average of $50.07 and a two-hundred day moving average of $51.22.

Li Ning Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.6507 per share. The ex-dividend date is Tuesday, June 17th. This represents a yield of 3.84%.

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.

See Also

Should You Invest $1,000 in Li Ning Right Now?

Before you consider Li Ning, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Ning wasn't on the list.

While Li Ning currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines