Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – Time to Buy?

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY) gapped up before the market opened on Friday . The stock had previously closed at $24.34, but opened at $25.73. Lenovo Group shares last traded at $24.81, with a volume of 734 shares trading hands.

Lenovo Group Stock Performance

The business’s 50-day moving average price is $24.07 and its 200-day moving average price is $25.63. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.67 and a current ratio of 0.93. The stock has a market cap of $15.37 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.60 and a beta of 0.77.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Thursday, May 22nd. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $15.77 billion. Lenovo Group had a net margin of 2.00% and a return on equity of 25.20%. As a group, sell-side analysts expect that Lenovo Group Ltd. will post 2.06 earnings per share for the current fiscal 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.