Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Lenovo Group Limited (OTCMKTS:LNVGY)’s stock price passed 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 changing hands.

Lenovo Group Stock Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a market cap of $17.48 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.68 and a beta of 0.81. The firm has a fifty day moving average of $25.92 and a 200 day moving average of $26.10.

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