Lenovo Group (OTCMKTS:LNVGY) Shares Cross Above 200 Day Moving Average - What's Next?

Lenovo Group Limited (OTCMKTS:LNVGY - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.24 and traded as high as $31.84. Lenovo Group shares last traded at $31.61, with a volume of 298,593 shares trading hands.

Lenovo Group Stock Performance

The stock has a market cap of $18.73 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. The firm's 50-day moving average is $28.07 and its two-hundred day moving average is $26.32. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.43.

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

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.