Zacks Investment Research upgraded shares of Li Ning Co. (OTCMKTS:LNNGY) from a hold rating to a buy rating in a report released on Saturday morning. They currently have $20.00 price objective on the stock.

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 stock has a 50 day moving average price of $18.26 and a 200-day moving average price of $17.89. The stock has a market cap of $1.61 billion, a P/E ratio of 15.82 and a beta of -0.82. Li Ning has a 12 month low of $17.76 and a 12 month 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 People’s 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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