The Goldman Sachs Group Upgrades Li Ning (OTCMKTS:LNNGY) to “Strong-Buy”

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

Separately, Zacks Research upgraded shares of Li Ning from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Li Ning Stock Performance

Shares of OTCMKTS:LNNGY opened at $69.10 on Friday. Li Ning has a 12 month low of $42.13 and a 12 month high of $74.18. The business has a 50-day moving average of $67.00 and a two-hundred day moving average of $60.75.

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.