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Lenovo Group (OTCMKTS:LNVGY) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Lenovo Group logo with Computer and Technology background

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 $26.35 and traded as high as $26.78. Lenovo Group shares last traded at $26.67, with a volume of 17,922 shares changing hands.

Lenovo Group Stock Up 1.0 %

The company has a market capitalization of $16.71 billion, a P/E ratio of 15.69, a P/E/G ratio of 0.62 and a beta of 0.81. The business's fifty day moving average price is $26.26 and its 200 day moving average price is $26.39. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

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