Lenovo Group (OTCMKTS:LNVGY) Shares Gap Down - Here's Why

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 - Get Free Report)'s share price 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 Trading Up 0.4%

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 company has a 50 day simple moving average of $27.27 and a two-hundred day simple moving average of $25.80. The firm has a market cap of $18.78 billion, a PE ratio of 12.11, a P/E/G ratio of 0.65 and a beta of 0.73.

Lenovo Group Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a dividend of $0.7593 per share. This represents a yield of 366.0%. The ex-dividend date was Thursday, July 31st. This is a boost from Lenovo Group's previous dividend of $0.20. Lenovo Group's dividend payout ratio (DPR) is presently 60.40%.

Lenovo Group Company Profile

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.