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

Li Ning logo with Retail/Wholesale background
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Li Ning Company Limited (OTCMKTS:LNNGY - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $53.45 and traded as high as $59.00. Li Ning shares last traded at $57.24, with a volume of 6,316 shares trading hands.

Li Ning Stock Down 4.1 %

The business's fifty day moving average price is $53.63 and its 200 day moving average price is $52.72.

Li Ning Company Profile

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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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