Lenovo Group (OTCMKTS:LNVGY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.
Lenovo Group Price Performance
Shares of LNVGY stock opened at $76.60 on Thursday. The firm’s 50 day moving average price is $63.87 and its two-hundred day moving average price is $42.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. Lenovo Group has a 52-week low of $21.00 and a 52-week high of $89.99. The stock has a market cap of $47.51 billion, a PE ratio of 74.37 and a beta of 1.14.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last issued its earnings results on Thursday, May 21st. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.54 by $0.28. Lenovo Group had a net margin of 0.88% and a return on equity of 34.51%. The company had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. As a group, analysts forecast that Lenovo Group will post 4.95 EPS for the current year.
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.
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