Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up - Should You Buy?

Key Points

• Lenovo Group shares gapped up before trading Monday, opening at $26.96, up from a previous close of $25.56, with a current trading value of $27.06.
• The company reported a quarterly EPS of $0.44, exceeding the consensus estimate of $0.40, alongside a revenue of $16.98 billion compared to an expected $15.77 billion.
• Lenovo will pay a dividend of $0.7593 per share on August 20th, significantly up from its previous dividend of $0.20, resulting in a yield of 366.0%.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $25.56, but opened at $26.96. Lenovo Group shares last traded at $27.06, with a volume of 12,341 shares.

Lenovo Group Price Performance

The company's 50 day moving average is $24.58 and its 200 day moving average is $25.79. The company has a current ratio of 0.93, a quick ratio of 0.67 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.65 and a beta of 0.75.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last announced its earnings results on Thursday, May 22nd. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Lenovo Group had a net margin of 2.00% and a return on equity of 25.20%. The company had revenue of $16.98 billion during the quarter, compared to analysts' expectations of $15.77 billion. Research analysts anticipate that Lenovo Group Ltd. will post 2.06 EPS for the current fiscal year.

Lenovo Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st will be given a $0.7593 dividend. This represents a dividend yield of 366.0%. This is a positive change from Lenovo Group's previous dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 31st. Lenovo Group's payout ratio is currently 70.70%.

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.