Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $60.4749, but opened at $53.80. Lenovo Group shares last traded at $54.65, with a volume of 4,112 shares.
Analyst Ratings Changes
Separately, Zacks Research upgraded Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.
Check Out Our Latest Report on Lenovo Group
Lenovo Group Stock Performance
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.28. The company had revenue of $21.59 billion for the quarter, compared to analysts’ expectations of $19.39 billion. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%. On average, analysts expect that Lenovo Group Ltd. will post 3.59 EPS for the current 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.
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