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Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Lenovo Group logo with Computer and Technology background

Key Points

  • Lenovo Group's share price recently crossed above its 200-day moving average, with a current price of $26.56 and a 200-day moving average of $25.69.
  • The company reported $0.44 EPS for the latest quarter, exceeding analyst estimates, with revenue of $16.98 billion compared to expectations of $15.77 billion.
  • Lenovo Group has announced an increase in its dividend to $0.7593 per share, which represents a yield of 3.66%.
  • Five stocks we like better than Lenovo Group.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.69 and traded as high as $26.74. Lenovo Group shares last traded at $26.56, with a volume of 30,064 shares trading hands.

Lenovo Group Price Performance

The stock has a market capitalization of $15.92 billion, a PE ratio of 11.94, a P/E/G ratio of 0.64 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.67. The firm's 50 day simple moving average is $24.40 and its 200 day simple moving average is $25.72.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last released its earnings results on Thursday, May 22nd. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $16.98 billion for the quarter, compared to analyst estimates of $15.77 billion. Lenovo Group had a net margin of 2.00% and a return on equity of 25.20%. As a group, equities analysts forecast that Lenovo Group Ltd. will post 2.06 EPS for the current fiscal year.

Lenovo Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st will be paid a $0.7593 dividend. This is a boost from Lenovo Group's previous dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 366.0%. Lenovo Group's dividend payout ratio is presently 44.19%.

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.

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