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

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.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Lenovo Group Stock Up 0.4%

The stock has a 50 day moving average of $27.87 and a 200-day moving average of $25.79. The firm has a market capitalization of $19.13 billion, a P/E ratio of 12.34, a PEG ratio of 0.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.95.

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. The ex-dividend date of this dividend was Thursday, July 31st. This represents a yield of 366.0%. Lenovo Group's payout ratio is 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.