Li Ning (OTCMKTS:LNNGY - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.
Separately, The Goldman Sachs Group upgraded Li Ning from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".
Read Our Latest Research Report on LNNGY
Li Ning Stock Performance
Shares of OTCMKTS LNNGY opened at $68.23 on Thursday. The business has a fifty day simple moving average of $68.43 and a 200 day simple moving average of $62.23. Li Ning has a one year low of $45.22 and a one year high of $74.18.
About Li Ning
(
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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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