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Li Ning (OTCMKTS:LNNGY) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Li Ning logo with Retail/Wholesale background

Li Ning Company Limited (OTCMKTS:LNNGY - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $49.48 and traded as high as $52.18. Li Ning shares last traded at $51.82, with a volume of 10,359 shares changing hands.

Li Ning Price Performance

The stock has a 50-day moving average price of $49.48 and a two-hundred day moving average price of $55.69.

Li Ning Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, August 30th were issued a $1.2516 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Li Ning's previous dividend of $0.57.

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

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