Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.40 and traded as high as $32.24. Lenovo Group shares last traded at $32.20, with a volume of 70,967 shares.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Lenovo Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".
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Lenovo Group Trading Up 0.9%
The company has a 50-day moving average price of $25.97 and a 200-day moving average price of $25.40. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.96.
Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.22. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $20.65 billion. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%. As a group, research analysts forecast that Lenovo Group Ltd. will post 2.25 EPS for the current fiscal year.
Lenovo Group Company Profile
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Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.
The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.
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