Lenovo Group (OTCMKTS:LNVGY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Lenovo Group's stock experienced a significant increase in trading volume, with 123,853 shares changing hands, up 40% from the previous session.
• The company declared a dividend of $0.7593 per share, representing a substantial dividend yield of 366.0%, which is an increase from its previous dividend of $0.20.
• Lenovo Group has a market capitalization of $17.33 billion and a price-to-earnings ratio of 11.18, indicating favorable valuation metrics for potential investors.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 123,853 shares were traded during mid-day trading, an increase of 40% from the previous session's volume of 88,375 shares.The stock last traded at $27.86 and had previously closed at $27.55.

Lenovo Group Trading Up 0.4%

The business has a 50-day simple moving average of $27.27 and a 200-day simple moving average of $25.80. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.59. The company has a market cap of $18.78 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.65 and a beta of 0.73.

Lenovo Group Increases Dividend

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

Lenovo Group Company Profile

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.