Li Ning (OTCMKTS:LNNGY) Lowered to “Strong Sell” Rating by Zacks Research

Li Ning (OTCMKTS:LNNGY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group raised Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Li Ning Stock Performance

Li Ning stock opened at $47.51 on Monday. The business has a fifty day moving average of $54.58 and a two-hundred day moving average of $62.31. Li Ning has a twelve month low of $45.03 and a twelve month high of $74.18.

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.