Li Ning (OTCMKTS:LNNGY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Li Ning Company Limited (OTCMKTS:LNNGYGet Free Report)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $46.34 and traded as high as $65.99. Li Ning shares last traded at $64.00, with a volume of 32,308 shares.

Li Ning Stock Performance

The firm’s 50 day simple moving average is $46.97 and its 200-day simple moving average is $56.49.

Li Ning Increases Dividend

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

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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