Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report)’s stock price reached a new 52-week high on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $49.50 and last traded at $48.53, with a volume of 129812 shares changing hands. The stock had previously closed at $46.73.
Lenovo Group Trading Up 21.5%
The firm has a 50-day moving average price of $30.60 and a 200-day moving average price of $26.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market cap of $38.21 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.80 and a beta of 0.78.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.54 by $0.28. Lenovo Group had a return on equity of 28.52% and a net margin of 2.30%.The company had revenue of $21.59 billion during the quarter, compared to the consensus estimate of $19.39 billion. As a group, equities analysts anticipate that Lenovo Group Ltd. will post 2.75 EPS for the current fiscal year.
Lenovo Group Company Profile
Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.
The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.
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