Li Ning (OTCMKTS:LNNGY) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Li Ning (OTCMKTS:LNNGY) from a "strong sell" to a "hold" in a research report issued Tuesday.
• The stock opened at $63.20, with a 12‑month low of $42.13 and high of $74.18, a 50‑day moving average of $66.76 and a 200‑day moving average of $60.59.
• Li Ning Company Limited is a leading Chinese sportswear maker offering performance footwear, apparel and accessories and was founded in 1990 by Olympic gymnast Li Ning.

Li Ning (OTCMKTS:LNNGY - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Li Ning Price Performance

OTCMKTS LNNGY opened at $63.20 on Tuesday. Li Ning has a 12 month low of $42.13 and a 12 month high of $74.18. The stock has a 50 day moving average of $66.76 and a 200-day moving average of $60.59.

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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