Lenovo Group (OTCMKTS:LNVGY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Lenovo Group Limited (OTCMKTS:LNVGY) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.85. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.68 and a beta of 0.81. The business has a fifty day moving average price of $25.92 and a 200 day moving average price of $26.12.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly 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 for the quarter. Lenovo Group had a net margin of 1.81% and a return on equity of 18.08%. As a group, research analysts anticipate that Lenovo Group Limited will post 1.93 earnings per share for the current year.

About Lenovo Group

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.