Lenovo Group (OTCMKTS:LNVGY) Share Price Crosses Above 200-Day Moving Average of $17.98

Shares of Lenovo Group Limited (OTCMKTS:LNVGY – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.98 and traded as high as $19.54. Lenovo Group shares last traded at $19.52, with a volume of 24,495 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley upgraded shares of Lenovo Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 2nd. JPMorgan Chase & Co. upgraded shares of Lenovo Group from a “neutral” rating to an “overweight” rating in a report on Friday, March 24th.

Lenovo Group Trading Down 0.7 %

The company has a market cap of $11.84 billion, a PE ratio of 6.55 and a beta of 0.98. The business has a 50 day simple moving average of $20.51 and a two-hundred day simple moving average of $17.98. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67.

Lenovo Group (OTCMKTS:LNVGY – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The technology company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). Lenovo Group had a return on equity of 34.03% and a net margin of 2.89%. The business had revenue of $15.27 billion for the quarter, compared to analysts’ expectations of $16.96 billion. On average, analysts forecast that Lenovo Group Limited will post 2.59 EPS for the current fiscal year.

Lenovo Group Company Profile

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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.