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Li Ning (OTCMKTS:LNNGY) Shares Pass Above 50 Day Moving Average - What's Next?

Li Ning logo with Retail/Wholesale background

Key Points

  • Li Ning Co. shares have surpassed their 50-day moving average of $52.78, currently trading at $58.87 with a peak of $61.48 during trading.
  • The company recently declared a dividend of $0.6507 per share, resulting in a notable dividend yield of 384.0%.
  • Li Ning operates as a sports brand and focuses on the research, design, and retail of sporting goods in China.
  • Interested in Li Ning? Here are five stocks we like better.

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $52.78 and traded as high as $61.48. Li Ning shares last traded at $58.87, with a volume of 2,821 shares trading hands.

Li Ning Price Performance

The business has a 50 day moving average of $53.36 and a 200 day moving average of $51.84.

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 given a $0.6507 dividend. This represents a yield of 384.0%. The ex-dividend date of this dividend was Tuesday, June 17th.

Li Ning Company Profile

(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.

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