Lenovo Group (OTCMKTS:LNVGY) Reaches New 12-Month High – Time to Buy?

Lenovo Group Ltd. (OTCMKTS:LNVGY) hit a new 52-week high on Friday . The stock traded as high as $39.77 and last traded at $39.53, with a volume of 8740 shares traded. The stock had previously closed at $33.86.

Analyst Ratings Changes

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

Lenovo Group Stock Performance

The company has a market cap of $24.56 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.47 and a beta of 0.78. The firm has a 50-day simple moving average of $27.76 and a 200 day simple moving average of $25.64. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.56.

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.