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

Lenovo Group logo with Computer and Technology background

Key Points

  • Lenovo Group Ltd. shares exceeded their 200-day moving average, trading at $29.88, a significant increase from the average of $25.71.
  • The company recently announced a substantial dividend of $0.7593, yielding an impressive 366.0%, up from the previous dividend of $0.20.
  • Lenovo has a market capitalization of $18.53 billion and a PE ratio of 11.95, indicating stable financials despite fluctuating stock performance.
  • Five stocks we like better than Lenovo Group.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.71 and traded as high as $30.92. Lenovo Group shares last traded at $29.88, with a volume of 41,358 shares traded.

Lenovo Group Stock Performance

The firm has a market cap of $18.53 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.65 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.95 and a quick ratio of 0.67. The company has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $25.71.

Lenovo Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were issued a $0.7593 dividend. This represents a yield of 366.0%. This is a positive change from Lenovo Group's previous dividend of $0.20. The ex-dividend date was Thursday, July 31st. Lenovo Group's dividend payout ratio is currently 60.40%.

Lenovo Group Company Profile

(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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