Lenovo Group (OTCMKTS:LNVGY) Shares Gap Down - Time to Sell?

Key Points

• Lenovo Group's stock gapped down from a previous close of $28.28 to open at $26.50, with the last trade at $27.34.
• The company recently increased its dividend to $0.7593, significantly up from $0.20, yielding approximately 366.0%.
• Lenovo's market capitalization is $17.02 billion, with a PE ratio of 10.98 and a debt-to-equity ratio of 0.59.

Lenovo Group Ltd. (OTCMKTS:LNVGY - ) gapped down before the market opened on Monday . The stock had previously closed at $28.28, but opened at $26.50. Lenovo Group shares last traded at $27.34, with a volume of 39,756 shares trading hands.

Lenovo Group Stock Performance

The firm has a market cap of $17.02 billion, a PE ratio of 10.98, a PEG ratio of 0.61 and a beta of 0.73. The business has a 50-day simple moving average of $26.81 and a 200 day simple moving average of $25.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.95 and a quick ratio of 0.67.

Lenovo Group Increases Dividend

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