Lenovo Group (OTCMKTS:LNVGY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Lenovo Group's trading volume increased by 73% on Wednesday, with 153,717 shares exchanged, resulting in a stock price rise to $30.75 from a previous close of $30.55.
• The company announced a significant dividend increase, offering $0.7593 per share, which marks a yield of 366.0% and represents a payout ratio of 60.40%.
• Lenovo Group has a market capitalization of $19.11 billion, with a P/E ratio of 12.32 and a P/E/G ratio of 0.68, indicating potential stock value.

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY - ) saw an uptick in trading volume on Wednesday . 153,717 shares were traded during trading, an increase of 73% from the previous session's volume of 88,811 shares.The stock last traded at $30.75 and had previously closed at $30.55.

Lenovo Group Stock Performance

The business has a 50-day moving average of $28.10 and a two-hundred day moving average of $25.74. The company has a market cap of $19.11 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.95 and a quick ratio of 0.67.

Lenovo Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a dividend of $0.7593 per share. The ex-dividend date of this dividend was Thursday, July 31st. This is an increase from Lenovo Group's previous dividend of $0.20. This represents a yield of 366.0%. Lenovo Group's dividend payout ratio is 60.40%.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.

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