Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – Here’s What Happened

Lenovo Group Ltd. (OTCMKTS:LNVGY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $77.76, but opened at $80.50. Lenovo Group shares last traded at $81.45, with a volume of 10,257 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded Lenovo Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Lenovo Group Price Performance

The firm has a market capitalization of $50.34 billion, a PE ratio of 78.81 and a beta of 1.15. The business has a 50-day moving average of $68.86 and a 200 day moving average of $48.13. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Lenovo Group Company Profile

Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, tablets, smartphones and other smart devices. Its portfolio includes the ThinkPad, ThinkBook, Yoga, Legion and IdeaPad computer brands, along with accessories, software and related device-management solutions.

The company also provides data-center and infrastructure products, including servers, storage systems, networking equipment and high-performance computing solutions. Through its services and solutions businesses, Lenovo supports organizations with IT consulting, managed services, digital workplace services, infrastructure services and other technology solutions.

Lenovo was founded in Beijing in 1984 as Legend and adopted the Lenovo name in 2004.