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Lenovo Group (OTCMKTS:LNVGY) Stock Passes Above 200-Day Moving Average - Here's Why

Lenovo Group logo with Computer and Technology background

Lenovo Group Limited (OTCMKTS:LNVGY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.10 and traded as high as $28.88. Lenovo Group shares last traded at $28.19, with a volume of 35,717 shares trading hands.

Lenovo Group Stock Up 1.1 %

The company's 50-day moving average price is $25.92 and its 200 day moving average price is $26.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.85. The stock has a market cap of $17.48 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.68 and a beta of 0.81.

Lenovo Group (OTCMKTS:LNVGY - Get Free Report) last announced its earnings results on Thursday, August 15th. The technology company reported $0.38 earnings per share (EPS) for the quarter. Lenovo Group had a net margin of 1.81% and a return on equity of 18.08%. The company had revenue of $15.45 billion during the quarter. As a group, analysts forecast that Lenovo Group Limited will post 1.93 EPS for the current fiscal 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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