Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – Should You Buy?

Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $53.51, but opened at $57.80. Lenovo Group shares last traded at $57.8950, with a volume of 7,064 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

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Lenovo Group Trading Up 8.6%

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. The company has a market cap of $39.04 billion, a price-to-earnings ratio of 22.72 and a beta of 1.12. The business’s fifty day moving average price is $50.29 and its 200 day moving average price is $33.54.

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 27.74% and a net margin of 2.30%. Research analysts anticipate that Lenovo Group Ltd. will post 3.59 earnings per share for the current fiscal year.

About Lenovo Group

(Get Free Report)

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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