Lenovo Group (OTCMKTS:LNVGY) Stock Passes Above 200 Day Moving Average of $23.83

Lenovo Group Limited (OTCMKTS:LNVGY) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.83 and traded as high as $24.26. Lenovo Group shares last traded at $24.04, with a volume of 62,406 shares traded.

Lenovo Group Price Performance

The company has a 50-day moving average of $23.02 and a 200 day moving average of $23.83. The firm has a market cap of $14.91 billion, a P/E ratio of 17.05, a P/E/G ratio of 2.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.87.

Lenovo Group (OTCMKTS:LNVGY) last posted its earnings results on Wednesday, February 21st. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $15.72 billion for the quarter. Lenovo Group had a net margin of 1.60% and a return on equity of 15.11%. On average, sell-side analysts anticipate that Lenovo Group Limited will post 1.64 EPS for the current year.

Lenovo Group Company Profile

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.