Zacks Investment Research Lowers Li Ning Co. (LNNGY) to Hold
Zacks Investment Research lowered shares of Li Ning Co. (OTCMKTS:LNNGY) from a buy rating to a hold rating in a research report sent to investors on Friday.
According to Zacks, “Li Ning Company Limited operates as a designer, developer, manufacturer and distributor of sports footwear, apparel, accessories and equipment for sport and leisure uses under its own LI-NING brand in the Peoples’ Republic of China. Additionally, the Group distributes sports products under its Z-DO brand via hypermarket channel; manufactures, markets, distributes and sells outdoor sports products under the French brand AIGLE and engages in manufacture, research and development, marketing and sale of table tennis and other sports equipment under the Double Happiness brand. The Company also develops, manufactures, markets, distributes and sells the licensed products under the Italian sports fashion brand Lotto; and engages in the research and development, manufacture and sale of professional badminton equipment under the Kason brand. Li Ning Company Limited is headquartered in Causeway Bay, Hong Kong. “
Shares of Li Ning (OTCMKTS LNNGY) opened at 18.59 on Friday. The company has a market cap of $1.61 billion, a P/E ratio of 15.82 and a beta of -0.82. The firm’s 50-day moving average price is $18.26 and its 200 day moving average price is $17.89. Li Ning has a 52 week low of $17.76 and a 52 week high of $18.59.
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Li Ning Company Profile
Li Ning Company Limited engages in the research, development, design, manufacture, marketing, distribution, and retail of sporting goods in the Peoples Republic of China. The company offers sporting goods, including footwear, apparel, equipment, and accessories for professional and leisure purposes primarily under the LI-NING brand.
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