Li Ning Co. (OTCMKTS:LNNGY – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $63.29, but opened at $58.74. Li Ning shares last traded at $60.3705, with a volume of 94 shares changing hands.
Analyst Upgrades and Downgrades
LNNGY has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Li Ning from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 22nd. Zacks Research upgraded Li Ning from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Report on Li Ning
Li Ning Trading Down 4.0%
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.
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