Lenovo Group (OTCMKTS:LNVGY) Share Price Crosses Above Two Hundred Day Moving Average of $24.96

Shares of Lenovo Group Limited (OTCMKTS:LNVGYGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.96 and traded as high as $29.18. Lenovo Group shares last traded at $29.10, with a volume of 18,232 shares trading hands.

Lenovo Group Trading Up 3.7 %

The business has a 50 day moving average price of $27.59 and a 200-day moving average price of $24.96. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.59. The firm has a market cap of $18.05 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 0.51 and a beta of 0.85.

Lenovo Group (OTCMKTS:LNVGYGet Free Report) last issued its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.39 earnings per share for the quarter. Lenovo Group had a return on equity of 17.35% and a net margin of 1.80%. The firm had revenue of $13.83 billion during the quarter. As a group, research analysts expect that Lenovo Group Limited will post 2.48 EPS for the current fiscal year.

Lenovo Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Thursday, August 1st will be given a $0.7484 dividend. This is a positive change from Lenovo Group’s previous dividend of $0.19. The ex-dividend date is Thursday, August 1st. Lenovo Group’s dividend payout ratio (DPR) is presently 22.98%.

Lenovo Group Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Lenovo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lenovo Group and related companies with MarketBeat.com's FREE daily email newsletter.