Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) shares fell 7.4% during mid-day trading on Thursday. The company traded as low as $55.30 and last traded at $56.48. 4,460 shares were traded during trading, a decline of 97% from the average daily volume of 144,062 shares. The stock had previously closed at $61.01.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold”.
View Our Latest Report on Lenovo Group
Lenovo Group Price Performance
The firm has a market capitalization of $36.64 billion, a PE ratio of 55.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.98 and a quick ratio of 0.67. The business’s 50 day moving average is $79.78 and its two-hundred day moving average is $50.17.
Lenovo Group Company Profile
Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, smart devices, infrastructure products and technology services. Its portfolio includes ThinkPad, ThinkBook, Yoga and Legion PCs, as well as tablets, workstations, accessories and other connected devices. Lenovo also markets smartphones under the Motorola brand.
The company serves consumers, small and medium-sized businesses, large enterprises, governments and education customers.
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