Li Ning (OTCMKTS:LNNGY) Rating Lowered to “Strong Sell” at Zacks Research

Li Ning (OTCMKTS:LNNGY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, The Goldman Sachs Group raised shares of Li Ning from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Li Ning currently has an average rating of “Moderate Buy”.

Li Ning Stock Performance

OTCMKTS:LNNGY opened at $47.51 on Monday. The company’s 50-day simple moving average is $54.58 and its 200-day simple moving average is $62.31. Li Ning has a fifty-two week low of $45.03 and a fifty-two 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.