Lenovo Group (OTCMKTS:LNVGY) Shares Cross Above 200-Day Moving Average - Here's Why

Key Points

• Lenovo Group's stock price recently exceeded its 200-day moving average, trading at $28.21 up from a moving average of $26.12.
• The company reported a quarterly EPS of $0.44, which surpassed the consensus estimate of $0.40, alongside revenue of $16.98 billion compared to an expected $15.77 billion.
• Lenovo Group announced an increase in its dividend to $0.7593 per share, significantly higher than the previous $0.20, resulting in a hefty dividend yield of 366.0%.

Lenovo Group Ltd. (OTCMKTS:LNVGY - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.12 and traded as high as $28.64. Lenovo Group shares last traded at $28.21, with a volume of 19,627 shares changing hands.

Lenovo Group Stock Performance

The company has a market cap of $17.30 billion, a PE ratio of 11.16, a P/E/G ratio of 0.60 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 stock's 50-day simple moving average is $25.84 and its 200 day simple moving average is $26.11.

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, topping analysts' consensus estimates of $0.40 by $0.04. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $15.77 billion. Lenovo Group had a return on equity of 29.13% and a net margin of 2.27%. As a group, equities analysts anticipate that Lenovo Group Ltd. will post 2.06 EPS for the current year.

Lenovo Group Increases Dividend

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

Lenovo Group Company Profile

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.