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Li Ning (OTCMKTS:LNNGY) Stock Price Up 7.2% - Still a Buy?

Li Ning logo with Retail/Wholesale background

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report)'s share price traded up 7.2% during trading on Thursday . The company traded as high as $54.30 and last traded at $54.30. 850 shares were traded during trading, a decline of 94% from the average session volume of 14,432 shares. The stock had previously closed at $50.64.

Li Ning Trading Up 1.1%

The business has a 50-day moving average of $49.09 and a 200 day moving average of $51.17.

Li Ning Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 18th will be given a $0.6507 dividend. This represents a yield of 3.84%. The ex-dividend date is 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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