Li Ning (OTCMKTS:LNNGY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Li Ning (OTCMKTS:LNNGY) from a hold rating to a strong-buy rating in a research note issued to investors on Sunday morning,Zacks.com reports.

Separately, Zacks Research upgraded Li Ning from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Li Ning Stock Up 1.9%

Shares of OTCMKTS:LNNGY opened at $70.43 on Friday. Li Ning has a 12 month low of $42.13 and a 12 month high of $74.18. The company has a 50-day moving average price of $67.19 and a 200 day moving average price of $60.82.

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.