Lenovo Group (OTCMKTS:LNVGY) Stock Crosses Above 200 Day Moving Average of $16.53

Lenovo Group Limited (OTCMKTS:LNVGYGet Rating)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.53 and traded as high as $16.84. Lenovo Group shares last traded at $16.51, with a volume of 139,381 shares changing hands.

Lenovo Group Price Performance

The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 5.05 and a beta of 1.03. The business’s 50-day simple moving average is $16.44 and its two-hundred day simple moving average is $16.53. The company has a current ratio of 0.91, a quick ratio of 0.64 and a debt-to-equity ratio of 0.70.

Lenovo Group (OTCMKTS:LNVGYGet Rating) last released its earnings results on Thursday, November 3rd. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $17.09 billion during the quarter, compared to the consensus estimate of $16.41 billion. Lenovo Group had a net margin of 2.98% and a return on equity of 39.42%. As a group, research analysts expect that Lenovo Group Limited will post 3 EPS for the current fiscal year.

Lenovo Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 2nd were issued a dividend of $0.1838 per share. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, December 1st. Lenovo Group’s payout ratio is 11.32%.

Lenovo Group Company Profile

(Get Rating)

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.

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