Lenovo Group (OTCMKTS:LNVGY) Sees Strong Trading Volume - Still a 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 strong trading volume on Tuesday . 123,853 shares were traded during 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 Price Performance

The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.65 and a beta of 0.73. The company's 50 day simple moving average is $27.27 and its 200-day simple moving average is $25.75. The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 0.59.

Lenovo Group Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, August 20th. Investors of record on Friday, August 1st were given a $0.7593 dividend. This is a boost 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 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.