Lenovo Group (OTCMKTS:LNVGY) Sees Large Volume Increase – Time to Buy?

Lenovo Group Ltd. (OTCMKTS:LNVGY) shares saw unusually-high trading volume on Monday . Approximately 123,736 shares changed hands during mid-day trading, an increase of 42% from the previous session’s volume of 87,170 shares.The stock last traded at $23.6909 and had previously closed at $24.24.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Lenovo Group Stock Performance

The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $14.71 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.66. The company’s 50 day moving average is $26.27 and its 200-day moving average is $27.10.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings data on Wednesday, November 19th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.15. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. The firm had revenue of $20.45 billion for the quarter, compared to analyst estimates of $20.09 billion. As a group, equities analysts anticipate that Lenovo Group Ltd. will post 2.06 EPS for the current year.

About Lenovo Group

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.