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Lenovo Group (OTCMKTS:LNVGY) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Lenovo Group logo with Computer and Technology background

Key Points

  • Lenovo Group shares have recently surpassed their 200-day moving average of $25.75, reaching a high of $30.00 during trading.
  • The company has announced a significant dividend increase, with a yield of 366.0%, up from the previous $0.20 dividend.
  • Lenovo Group's current market capitalization is approximately $18.55 billion, with a P/E ratio of 11.96.
  • MarketBeat previews top five stocks to own in November.

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.75 and traded as high as $30.00. Lenovo Group shares last traded at $29.91, with a volume of 37,443 shares changing hands.

Lenovo Group Trading Up 0.4%

The company has a market cap of $18.55 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.64 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.95. The business's 50 day moving average price is $28.58 and its 200-day moving average price is $25.75.

Lenovo Group Increases Dividend

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

About Lenovo Group

(Get Free Report)

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.

Further Reading

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