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Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above 200 Day Moving Average - What's Next?

Lenovo Group logo with Computer and Technology background

Lenovo Group Limited (OTCMKTS:LNVGY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.89 and traded as high as $26.26. Lenovo Group shares last traded at $25.28, with a volume of 56,270 shares changing hands.

Lenovo Group Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.58. The business has a fifty day moving average of $24.73 and a 200-day moving average of $25.87. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.51 and a beta of 0.78.

Lenovo Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 27th were given a $0.1984 dividend. The ex-dividend date was Wednesday, November 27th. Lenovo Group's dividend payout ratio (DPR) is presently 20.97%.

About Lenovo Group

(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.

Further Reading

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