Li Ning (OTCMKTS:LNNGY) Stock Passes Above 50 Day Moving Average - Here's Why

Li Ning Co. (OTCMKTS:LNNGY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $61.13 and traded as high as $67.32. Li Ning shares last traded at $65.08, with a volume of 3,119 shares traded.Analyst Upgrades and DowngradesSeparately, Zacks Research downgraded shares of Li Ning from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".Read Our Latest Stock Report on Li NingLi Ning Trading Up 2.8%The firm's 50 day simple moving average is $61.13 and its two-hundred day simple moving average is $58.04. Li Ning Company Profile (Get Free Report)Li Ning Company Limited is a leading Chinese sportswear company engaged in the design, development, manufacturing and sale of athletic and lifestyle products. The company’s portfolio includes performance footwear, apparel and accessories tailored for running, basketball, training and other fitness activities. Li Ning distributes its products through an extensive network of concept stores, franchise outlets and e-commerce platforms across China and growing markets overseas. Founded in 1990 by Li Ning, a decorated Olympic gymnast, the company quickly gained prominence in domestic and international markets.Recommended StoriesFive stocks we like better than Li NingYour Bank Account Is No Longer SafeRay Dalio Says Buy Gold. I Say Get Paid Every Month From ItThis $15 Stock Could Go Down as the #1 Stock of 2026What a Former CIA Agent Knows About the Coming CollapseThey just tried to kill goldThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Li Ning Right Now?Before you consider Li Ning, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Li Ning wasn't on the list.While Li Ning currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here