Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Lenovo Group Limited (OTCMKTS:LNVGY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.88 and traded as high as $27.69. Lenovo Group shares last traded at $27.38, with a volume of 20,402 shares trading hands.

Lenovo Group Stock Down 0.1 %

The firm has a market cap of $16.98 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. The firm’s 50 day moving average is $29.53 and its two-hundred day moving average is $26.88. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings results on Wednesday, February 19th. The technology company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.47. Lenovo Group had a net margin of 2.34% and a return on equity of 25.37%. The company had revenue of $18.80 billion for the quarter, compared to analysts’ expectations of $17.85 billion. As a group, research analysts anticipate that Lenovo Group Limited will post 2.06 EPS for the current fiscal 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.