Li Ning (OTCMKTS:LNNGY) Shares Gap Down - Time to Sell?

Key Points

• Li Ning Co. shares gapped down significantly from a previous close of $55.28 to an opening of $51.05, and last traded at $52.41.
• The company announced a dividend of $0.6507, which yields 384.0%, paid to investors on record from June 18th.
• Li Ning specializes in the design and distribution of sporting goods, operating primarily in the People's Republic of China.

Li Ning Co. (OTCMKTS:LNNGY - ) shares gapped down before the market opened on Tuesday . The stock had previously closed at $55.28, but opened at $51.05. Li Ning shares last traded at $52.41, with a volume of 10 shares.

Li Ning Stock Performance

The stock has a fifty day moving average price of $51.95 and a 200 day moving average price of $51.50.

Li Ning Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 11th. Investors of record on Wednesday, June 18th were paid a $0.6507 dividend. The ex-dividend date was Tuesday, June 17th. This represents a yield of 384.0%.

Li Ning Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.