Lenovo Group (OTCMKTS:LNVGY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Lenovo Group Limited (OTCMKTS:LNVGY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Lenovo Group Trading Down 6.7 %

The company has a market cap of $18.58 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. The business’s fifty day moving average price is $28.07 and its 200 day moving average price is $26.32. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.86 and a quick ratio of 0.58.

Lenovo Group (OTCMKTS:LNVGY) 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 return on equity of 25.37% and a net margin of 2.34%. The firm had revenue of $18.80 billion for the quarter, compared to analyst estimates of $17.85 billion. Research analysts anticipate that Lenovo Group Limited will post 2.06 earnings per share for the current fiscal 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.