Zacks Research lowered shares of Li Ning (OTCMKTS:LNNGY – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.
Li Ning Stock Down 1.9%
Li Ning stock opened at $67.01 on Tuesday. Li Ning has a fifty-two week low of $42.13 and a fifty-two week high of $71.00. The company has a 50 day moving average price of $59.48 and a 200-day moving average price of $57.13.
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.
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