Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.92 and traded as high as $28.16. Lenovo Group shares last traded at $28.08, with a volume of 48,613 shares.
Lenovo Group Stock Performance
The company has a market cap of $17.42 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. The business has a 50 day moving average price of $24.97 and a two-hundred day moving average price of $25.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 0.93.
Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Lenovo Group had a return on equity of 25.20% and a net margin of 2.00%. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $15.77 billion. On average, sell-side analysts anticipate that Lenovo Group Ltd. will post 2.06 earnings per share for the current year.
Lenovo Group Increases Dividend
The company also recently declared a dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st will be 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 is Thursday, July 31st. This represents a yield of 366.0%. Lenovo Group's payout ratio is 70.70%.
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.
Further Reading
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