Li Ning (OTCMKTS:LNNGY – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
Li Ning Stock Down 2.3%
LNNGY stock opened at $63.20 on Tuesday. The company has a fifty day moving average price of $66.76 and a two-hundred day moving average price of $60.59. Li Ning has a one year low of $42.13 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.
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