Li Ning (OTCMKTS:LNNGY) Shares Gap Up - Time to Buy?

Key Points

• Li Ning Co. shares gapped up prior to trading, rising from a previous close of $54.00 to open at $56.00.
• The company recently announced a dividend payment of $0.6507 per share, resulting in a remarkable dividend yield of 384.0%.
• Li Ning operates as a leading sports brand in China, focusing on the design and retail of sporting goods.

Shares of Li Ning Co. (OTCMKTS:LNNGY - ) gapped up prior to trading on Thursday . The stock had previously closed at $54.00, but opened at $56.00. Li Ning shares last traded at $56.55, with a volume of 1,430 shares trading hands.

Li Ning Price Performance

The business's 50 day simple moving average is $52.16 and its 200 day simple moving average is $51.53.

Li Ning Cuts Dividend

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

About Li Ning

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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