Lenovo Group (OTCMKTS:LNVGY) Sets New 1-Year High – Here’s What Happened

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $35.60 and last traded at $34.31, with a volume of 4138 shares traded. The stock had previously closed at $31.90.

Analyst Ratings Changes

Separately, Zacks Research raised Lenovo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Lenovo Group has a consensus rating of “Hold”.

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Lenovo Group Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $25.97 and a 200 day moving average price of $25.40. The stock has a market cap of $21.29 billion, a PE ratio of 15.97, a PEG ratio of 1.40 and a beta of 0.78.

Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.22. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%.The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $20.65 billion. As a group, research analysts forecast that Lenovo Group Ltd. will post 2.25 earnings per share for the current fiscal year.

About Lenovo Group

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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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