Lenovo Group (OTCMKTS:LNVGY) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Lenovo Group's share price has recently exceeded its 200-day moving average of $25.74, trading at $30.55, with a high of $31.70.
• The company declared a dividend of $0.7593, which represents a substantial yield of 366.0%, a notable increase from the previous dividend of $0.20.
• Lenovo Group maintains a market capitalization of $18.95 billion and has a price-to-earnings ratio of 12.22, reflecting its steady financial position in the market.

Lenovo Group Ltd. (OTCMKTS:LNVGY - )'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.74 and traded as high as $31.70. Lenovo Group shares last traded at $30.55, with a volume of 68,691 shares changing hands.

Lenovo Group Trading Down 3.3%

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 business has a fifty day simple moving average of $28.10 and a 200 day simple moving average of $25.74. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.68 and a beta of 0.73.

Lenovo Group Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a $0.7593 dividend. This represents a yield of 366.0%. This is an increase from Lenovo Group's previous dividend of $0.20. 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.

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