Lenovo Group (OTCMKTS:LNVGY) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Lenovo Group Ltd. shares traded above their 200-day moving average for the first time on Thursday, reaching a peak of $32.50 before settling at $31.75.
• The company recently announced a significantly increased dividend of $0.7593 per share, representing a yield of 366.0%, up from their previous dividend of $0.20.
• Lenovo Group has a market capitalization of nearly $19.69 billion and a price-to-earnings ratio of 12.70, reflecting a stable financial standing.

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY - ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.77 and traded as high as $32.50. Lenovo Group shares last traded at $31.75, with a volume of 60,655 shares.

Lenovo Group Trading Up 4.2%

The company has a current ratio of 0.95, a quick ratio of 0.67 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.66 and a beta of 0.73. The company has a fifty day moving average of $29.07 and a 200-day moving average of $25.77.

Lenovo Group Increases Dividend

The company 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 represents a yield of 366.0%. The ex-dividend date was Thursday, July 31st. This is a positive change from Lenovo Group's previous dividend of $0.20. Lenovo Group's payout ratio is presently 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.

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