Zacks Research upgraded shares of Li Ning (OTCMKTS:LNNGY – Free Report) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.
Li Ning Stock Performance
Shares of LNNGY stock opened at $64.76 on Tuesday. The company has a 50 day moving average of $66.80 and a 200-day moving average of $60.62. Li Ning has a 12-month low of $42.13 and a 12-month high of $74.18.
About Li Ning
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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