Li Ning (OTCMKTS:LNNGY – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.
Li Ning Stock Performance
OTCMKTS LNNGY opened at $45.72 on Monday. The company has a fifty day moving average of $41.39 and a 200 day moving average of $54.93. Li Ning has a 1 year low of $37.49 and a 1 year high of $74.18.
Li Ning Company Profile
Li Ning Co, Ltd. is a Chinese sporting goods company founded in 1990 by Olympic gymnast Li Ning. The company designs, develops, manufactures and sells sportswear and athletic equipment under the Li-Ning brand.
Its product range includes athletic and lifestyle footwear, apparel and accessories, as well as equipment for sports such as basketball, badminton, table tennis and running. The company also operates the Li-Ning Young children’s sportswear business and has developed additional brands and product lines serving different segments of the sports and fashion markets.
Li Ning primarily serves consumers in mainland China through retail stores, distributors and online channels, while also pursuing international sales and brand development.
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