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

Key Points

• Shares gapped up pre-market, opening at $68.6950 after a $64.76 close and last trading at $68.58, though volume was negligible at just 71 shares.
• Zacks Research upgraded Li Ning from "strong sell" to "hold," and the stock carries a consensus rating of "Hold."
• Technically the stock is trading above its moving averages, with a 50‑day at $66.80 and a 200‑day at $60.62, indicating short- and long-term upward momentum.

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $64.76, but opened at $68.6950. Li Ning shares last traded at $68.58, with a volume of 71 shares.

Analyst Ratings Changes

Separately, Zacks Research raised Li Ning from a "strong sell" rating to a "hold" rating in a report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

Li Ning Trading Up 5.9%

The business has a fifty day moving average price of $66.80 and a 200 day moving average price of $60.62.

Li Ning Company Profile

Li Ning Company Limited is a leading Chinese sportswear company engaged in the design, development, manufacturing and sale of athletic and lifestyle products. The company’s portfolio includes performance footwear, apparel and accessories tailored for running, basketball, training and other fitness activities. Li Ning distributes its products through an extensive network of concept stores, franchise outlets and e-commerce platforms across China and growing markets overseas.

Founded in 1990 by Li Ning, a decorated Olympic gymnast, the company quickly gained prominence in domestic and international markets.

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