Li Ning Co. (OTCMKTS:LNNGY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $54.21 and traded as high as $61.23. Li Ning shares last traded at $60.43, with a volume of 1,837 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded Li Ning from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".
Get Our Latest Stock Report on LNNGY
Li Ning Stock Performance
The business has a 50-day moving average price of $54.68 and a 200 day moving average price of $52.22.
Li Ning Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 5th will be issued a dividend of $1.1001 per share. This is a positive change from Li Ning's previous dividend of $0.65. The ex-dividend date of this dividend is Thursday, September 4th. This represents a yield of 287.0%.
About Li Ning
(
Get Free Report)
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.
Further Reading
Before you consider Li Ning, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Ning wasn't on the list.
While Li Ning currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
