Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Lenovo Group Ltd. (OTCMKTS:LNVGY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.12 and traded as high as $28.64. Lenovo Group shares last traded at $28.21, with a volume of 19,627 shares changing hands.

Lenovo Group Stock Down 0.2%

The firm has a 50 day simple moving average of $25.74 and a two-hundred day simple moving average of $26.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.67. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.60 and a beta of 0.75.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.44 earnings per share (EPS) 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 return on equity of 29.13% and a net margin of 2.27%. As a group, sell-side analysts expect that Lenovo Group Ltd. will post 2.06 EPS for the current year.

Lenovo Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were issued a dividend of $0.7593 per share. This is a boost from Lenovo Group’s previous dividend of $0.20. This represents a dividend yield of 366.0%. The ex-dividend date was Thursday, July 31st. Lenovo Group’s dividend payout ratio is presently 60.40%.

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.