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Li Ning (OTCMKTS:LNNGY) Trading 7.2% Higher - Time to Buy?

Li Ning logo with Retail/Wholesale background

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report) shot up 7.2% during mid-day trading on Thursday . The stock 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 Price Performance

The stock has a fifty day moving average price of $49.00 and a 200-day moving average price of $51.24.

Li Ning Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, June 18th will be given a dividend of $0.6507 per share. 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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