Lenovo Group (OTCMKTS:LNVGY) Sees Strong Trading Volume – Still a Buy?

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY) saw unusually-strong trading volume on Monday . Approximately 603,974 shares changed hands during trading, an increase of 142% from the previous session’s volume of 249,182 shares.The stock last traded at $23.05 and had previously closed at $23.01.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Lenovo Group Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $14.49 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The business’s 50 day simple moving average is $25.33 and its two-hundred day simple moving average is $27.13.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings results on Wednesday, November 19th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. The firm had revenue of $20.45 billion for the quarter, compared to analysts’ expectations of $20.09 billion. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. Sell-side analysts anticipate that Lenovo Group Ltd. will post 2.06 EPS for the current fiscal year.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.