Zacks Research cut shares of Li Ning (OTCMKTS:LNNGY – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.
Li Ning Stock Performance
Shares of OTCMKTS:LNNGY opened at $69.22 on Tuesday. The firm has a 50 day simple moving average of $59.72 and a 200 day simple moving average of $57.21. Li Ning has a 52 week low of $42.13 and a 52 week high of $71.00.
Li Ning Company Profile
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.
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