Lenovo Group (OTCMKTS:LNVGY) Sets New 52-Week High – Here’s What Happened

Lenovo Group Ltd. (OTCMKTS:LNVGY) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.60 and last traded at $34.31, with a volume of 4138 shares changing hands. The stock had previously closed at $31.90.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Lenovo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Lenovo Group Trading Down 3.9%

The firm’s fifty day moving average price is $26.48 and its 200-day moving average price is $25.48. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.62 by $0.22. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $20.65 billion. Lenovo Group had a net margin of 1.89% and a return on equity of 25.60%. On average, equities analysts expect that Lenovo Group Ltd. will post 2.25 EPS for the current fiscal year.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.