Lenovo Group (OTCMKTS:LNVGY – Get Free Report) posted its earnings results on Thursday. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $1.13, Zacks reports. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%.
Lenovo Group Price Performance
Shares of Lenovo Group stock traded up $13.68 on Thursday, hitting $87.45. The company had a trading volume of 757,179 shares, compared to its average volume of 126,823. Lenovo Group has a 52 week low of $21.00 and a 52 week high of $89.99. 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 $54.24 billion, a PE ratio of 31.57 and a beta of 1.14. The business has a 50-day simple moving average of $61.03 and a 200-day simple moving average of $40.19.
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 analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.
About Lenovo Group
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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