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Lenovo Group (OTCMKTS:LNVGY) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Lenovo Group logo with Computer and Technology background

Lenovo Group Limited (OTCMKTS:LNVGY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.64 and traded as high as $32.14. Lenovo Group shares last traded at $31.98, with a volume of 1,468,783 shares traded.

Lenovo Group Stock Up 12.2 %

The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.67 and a beta of 0.75. The stock has a fifty day moving average of $26.37 and a 200-day moving average of $25.75.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.47. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. The business had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $17.85 billion. As a group, sell-side analysts expect that Lenovo Group Limited will post 2.06 EPS for the current year.

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.

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