Li Ning (OTCMKTS:LNNGY) Shares Cross Above 50 Day Moving Average – Here’s Why

Li Ning Company Limited (OTCMKTS:LNNGY)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $50.75 and traded as high as $52.18. Li Ning shares last traded at $50.77, with a volume of 5,078 shares trading hands.

Li Ning Price Performance

The stock has a 50-day moving average price of $50.75 and a 200-day moving average price of $54.86.

Li Ning Increases Dividend

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

About Li Ning

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.