Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) saw unusually-high trading volume on Friday. 191,352 shares changed hands during trading, an increase of 33% from the average daily volume of 143,998 shares. The stock last traded at $51.71 and had previously closed at $56.70.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on Lenovo Group
Lenovo Group Trading Down 8.9%
The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $79.39 and a 200-day simple moving average of $50.33. The company has a market capitalization of $33.12 billion, a PE ratio of 50.15 and a beta of 1.27.
About Lenovo Group
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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