Li Ning (OTCMKTS:LNNGY) Cut to Strong Sell at Zacks Research

Li Ning (OTCMKTS:LNNGY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Li Ning Stock Up 1.5%

Shares of Li Ning stock opened at $47.51 on Monday. The company has a 50 day moving average price of $54.58 and a 200 day moving average price of $62.31. Li Ning has a 52 week low of $45.03 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.