Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 47,887 shares, an increase of 104.1% from the June 15th total of 23,463 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 169,806 shares, the short-interest ratio is currently 0.3 days.
Lenovo Group Trading Down 0.6%
Shares of OTCMKTS:LNVGY traded down $0.39 on Wednesday, reaching $59.81. 91,266 shares of the company traded hands, compared to its average volume of 122,465. The business’s 50-day simple moving average is $52.14 and its 200 day simple moving average is $34.32. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Lenovo Group has a 52 week low of $21.00 and a 52 week high of $68.79. The stock has a market capitalization of $37.10 billion, a P/E ratio of 21.59 and a beta of 1.12.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%. The company had revenue of $21.59 billion during the quarter, compared to analyst estimates of $19.39 billion. As a group, equities analysts anticipate that Lenovo Group will post 3.59 EPS for the current fiscal year.
Analyst Ratings Changes
Get Our Latest Report on LNVGY
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.
See Also
- Five stocks we like better than Lenovo Group
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Lenovo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lenovo Group and related companies with MarketBeat.com's FREE daily email newsletter.
