Li Ning (OTCMKTS:LNNGY) Raised to Strong-Buy at The Goldman Sachs Group

Li Ning (OTCMKTS:LNNGY) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Separately, Zacks Research raised shares of Li Ning from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Li Ning has an average rating of “Buy”.

Li Ning Stock Up 0.6%

LNNGY stock opened at $69.10 on Friday. The firm’s fifty day moving average is $67.00 and its 200 day moving average is $60.75. Li Ning has a 52 week low of $42.13 and a 52 week high of $74.18.

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.