Lenovo Group (OTCMKTS:LNVGY) Hits New 12-Month High – What’s Next?

Lenovo Group Ltd. (OTCMKTS:LNVGY)’s stock price hit a new 52-week high on Friday . The stock traded as high as $98.50 and last traded at $95.71, with a volume of 23188 shares. The stock had previously closed at $89.05.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Lenovo Group has an average rating of “Hold”.

Lenovo Group Stock Up 7.3%

The company has a 50-day simple moving average of $72.07 and a 200-day simple moving average of $50.63. The firm has a market cap of $59.26 billion, a PE ratio of 92.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66.

Lenovo Group Company Profile

Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, tablets, smartphones and other smart devices. Its portfolio includes the ThinkPad, ThinkBook, Yoga, Legion and IdeaPad computer brands, along with accessories, software and related device-management solutions.

The company also provides data-center and infrastructure products, including servers, storage systems, networking equipment and high-performance computing solutions. Through its services and solutions businesses, Lenovo supports organizations with IT consulting, managed services, digital workplace services, infrastructure services and other technology solutions.

Lenovo was founded in Beijing in 1984 as Legend and adopted the Lenovo name in 2004.