Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report)'s stock price 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 trading hands.
Lenovo Group Stock Performance
The firm has a market cap of $17.11 billion, a P/E ratio of 11.04, a P/E/G ratio of 0.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 0.93. The company's 50 day moving average is $25.39 and its 200 day moving average is $26.01.
Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $15.77 billion. Lenovo Group had a net margin of 2.27% and a return on equity of 29.13%. As a group, equities analysts predict that Lenovo Group Ltd. will post 2.06 earnings per share for the current fiscal year.
Lenovo Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.7593 per share. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from Lenovo Group's previous dividend of $0.20. This represents a dividend yield of 366.0%. Lenovo Group's payout ratio is 70.23%.
About Lenovo Group
(
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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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