Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $49.72 and traded as high as $56.19. Li Ning shares last traded at $54.84, with a volume of 5,989 shares changing hands.
Li Ning Price Performance
The stock's 50-day moving average is $49.96 and its 200-day moving average is $51.22.
Li Ning Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 18th will be given a $0.6507 dividend. The ex-dividend date is Tuesday, June 17th. This represents a yield of 3.84%.
About Li Ning
(
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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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