Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $48.92, but opened at $46.56. Li Ning shares last traded at $47.51, with a volume of 180 shares trading hands.
Analysts Set New Price Targets
A number of research analysts recently issued reports on LNNGY shares. The Goldman Sachs Group upgraded Li Ning from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 22nd. Zacks Research lowered shares of Li Ning from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Li Ning has an average rating of “Buy”.
View Our Latest Report on Li Ning
Li Ning Trading Down 1.8%
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.
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