Lenovo Group (OTCMKTS:LNVGY) Stock Price Crosses Above 200 Day Moving Average of $0.00

Lenovo Group Limited (OTCMKTS:LNVGY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $14.38. Lenovo Group shares last traded at $14.35, with a volume of 10,803 shares trading hands.

LNVGY has been the subject of a number of research reports. Zacks Investment Research raised shares of Lenovo Group from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, August 8th. ValuEngine cut shares of Lenovo Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group raised shares of Lenovo Group from a “neutral” rating to a “buy” rating in a research note on Thursday, May 23rd. They noted that the move was a valuation call.

The company has a current ratio of 0.82, a quick ratio of 0.66 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 14.45 and a beta of 1.63. The stock has a 50 day moving average of $15.76.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings results on Thursday, May 23rd. The technology company reported $0.19 EPS for the quarter. Lenovo Group had a net margin of 1.17% and a return on equity of 14.66%. The business had revenue of $11.71 billion during the quarter. On average, sell-side analysts anticipate that Lenovo Group Limited will post 1.56 EPS for the current year.

About Lenovo Group (OTCMKTS:LNVGY)

Lenovo Group Limited, together with its subsidiaries, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; mobile Internet devices, including tablets and smart phones; storage and networking products; memory and processors; rack and power infrastructure; and laptops, desktops, and accessories, as well as operating systems, security, and systems management software.

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