Lenovo Group (OTCMKTS:LNVGY) Shares Pass Above Two Hundred Day Moving Average of $14.23

Lenovo Group Limited (OTCMKTS:LNVGY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.23 and traded as high as $14.73. Lenovo Group shares last traded at $14.58, with a volume of 21,012 shares.

A number of equities research analysts recently weighed in on LNVGY shares. Zacks Investment Research downgraded shares of Lenovo Group from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. ValuEngine raised shares of Lenovo Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 3rd.

The company has a market cap of $8.76 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.64 and a beta of 1.65. The company has a quick ratio of 0.68, a current ratio of 0.84 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average price is $13.74 and its two-hundred day moving average price is $14.23.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.14). The company had revenue of $13.52 billion during the quarter, compared to analyst estimates of $13.89 billion. Lenovo Group had a net margin of 1.38% and a return on equity of 17.61%. On average, equities research analysts predict that Lenovo Group Limited will post 1.36 earnings per share for the current fiscal year.

About Lenovo Group (OTCMKTS:LNVGY)

Lenovo Group Limited, together with its subsidiaries, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; mobile Internet devices, including tablets and smart phones; storage and networking products; memory and processors; rack and power infrastructure; and laptops, desktops, and accessories, as well as operating systems, security, and systems management software.

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