Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $60.27, but opened at $58.11. Li Ning shares last traded at $60.45, with a volume of 133 shares trading hands.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Li Ning from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".
Get Our Latest Report on Li Ning
Li Ning Trading Down 1.5%
The stock's 50-day simple moving average is $56.02 and its two-hundred day simple moving average is $52.71.
Li Ning Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th will be paid a dividend of $1.1001 per share. This is a positive change from Li Ning's previous dividend of $0.65. This represents a yield of 287.0%. The ex-dividend date of this dividend is Thursday, September 4th.
Li Ning Company Profile
(
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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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