Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 101,751 shares, an increase of 99.0% from the May 14th total of 51,122 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 260,441 shares, the days-to-cover ratio is presently 0.4 days.
Lenovo Group Trading Up 9.0%
OTCMKTS LNVGY traded up $5.16 during trading hours on Monday, reaching $62.41. The company’s stock had a trading volume of 60,309 shares, compared to its average volume of 127,722. The firm has a fifty day simple moving average of $38.32 and a 200-day simple moving average of $28.99. The stock has a market cap of $38.71 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.04 and a beta of 1.10. Lenovo Group has a 52 week low of $21.00 and a 52 week high of $68.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. The business had revenue of $21.59 billion during the quarter, compared to the consensus estimate of $19.39 billion. Lenovo Group had a return on equity of 28.52% and a net margin of 2.30%. Equities analysts forecast that Lenovo Group will post 2.75 earnings per share for the current fiscal year.
Analyst Ratings Changes
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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.
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