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

The Goldman Sachs Group upgraded shares of Li Ning (OTCMKTS:LNNGY) from a hold rating to a strong-buy rating in a report published on Sunday morning,Zacks.com reports.

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

Li Ning Stock Up 0.6%

OTCMKTS:LNNGY opened at $69.10 on Friday. Li Ning has a 1-year low of $42.13 and a 1-year high of $74.18. The company has a 50-day moving average of $67.00 and a 200 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.