Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above Fifty Day Moving Average of $14.98

Shares of Lenovo Group Limited (OTCMKTS:LNVGY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.98 and traded as high as $16.11. Lenovo Group shares last traded at $15.93, with a volume of 5,565 shares.

Several equities research analysts have recently issued reports on LNVGY shares. Zacks Investment Research cut Hanger from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. Goldman Sachs Group upgraded Lenovo Group from a “neutral” rating to a “buy” rating in a report on Thursday, May 23rd. They noted that the move was a valuation call.

The company has a fifty day simple moving average of $15.00. 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 firm has a market cap of $8.85 billion, a price-to-earnings ratio of 16.09 and a beta of 1.61.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Thursday, May 23rd. The technology company reported $0.19 earnings per share for the quarter. Lenovo Group had a return on equity of 14.66% and a net margin of 1.17%. The firm had revenue of $11.71 billion for the quarter. Equities analysts predict that Lenovo Group Limited will post 1.54 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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