Lenovo Group (OTCMKTS:LNVGY – Get Free Report) posted its quarterly earnings results on Thursday. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $1.13, Zacks reports. Lenovo Group had a net margin of 2.30% and a return on equity of 27.74%.
Lenovo Group Stock Performance
Shares of LNVGY stock traded up $13.75 during trading hours on Thursday, hitting $87.52. The company’s stock had a trading volume of 750,603 shares, compared to its average volume of 126,805. The company has a 50 day moving average of $61.03 and a 200 day moving average of $40.19. The stock has a market cap of $54.28 billion, a PE ratio of 31.60 and a beta of 1.14. 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 has a 12-month low of $21.00 and a 12-month high of $89.99.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
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.
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