Li Ning (OTCMKTS:LNNGY) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Li Ning (OTCMKTS:LNNGY) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group upgraded shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Li Ning Trading Up 1.5%

LNNGY opened at $47.51 on Monday. The firm has a 50-day moving average price of $54.58 and a 200-day moving average price of $62.31. Li Ning has a twelve month low of $45.03 and a twelve month 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.