Li Ning (OTCMKTS:LNNGY) Raised to Strong-Buy at Zacks Research

Li Ning (OTCMKTS:LNNGY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,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. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of “Strong Buy”.

Li Ning Stock Up 2.2%

OTCMKTS LNNGY opened at $68.23 on Thursday. The stock’s 50-day moving average is $68.43 and its 200-day moving average is $62.23. Li Ning has a one year low of $45.22 and a one year 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.