Lenovo Group Limited (OTCMKTS:LNVGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, August 22nd.

According to Zacks, “Lenovo Group Limited is a personal technology company. The Company is dedicated to building PCs and mobile internet devices. Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones.”

Shares of Lenovo Group Limited (OTCMKTS:LNVGY) traded up 0.28% during trading on Tuesday, hitting $10.68. 33,986 shares of the stock were exchanged. The stock has a market cap of $5.93 billion, a PE ratio of 20.54 and a beta of 1.04. The firm has a 50 day moving average of $11.85 and a 200-day moving average of $12.47. Lenovo Group Limited has a 52-week low of $10.64 and a 52-week high of $14.15.

Lenovo Group Limited (OTCMKTS:LNVGY) last announced its quarterly earnings results on Thursday, August 17th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.16. Lenovo Group Limited had a negative return on equity of 7.07% and a negative net margin of 0.54%. The business had revenue of $10.01 billion during the quarter. Equities research analysts anticipate that Lenovo Group Limited will post $1.13 earnings per share for the current fiscal year.

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About Lenovo Group Limited

Lenovo Group Limited is an investment holding company principally engaged in personal computers and related businesses. The Company’s main products include Think-branded commercial personal computers and Idea-branded consumer personal computers, as well as servers, workstations and a family of mobile Internet devices, including tablets and smart phones.

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