Li Ning (OTCMKTS:LNNGY) Upgraded at Zacks Research

Zacks Research upgraded shares of Li Ning (OTCMKTS:LNNGY) from a hold rating to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Li Ning currently has a consensus rating of “Strong Buy”.

Li Ning Price Performance

Li Ning stock opened at $68.23 on Thursday. The business has a fifty day moving average price of $68.43 and a 200-day moving average price of $62.27. Li Ning has a 1-year low of $45.22 and a 1-year high of $74.18.

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.