Lenovo Group (OTCMKTS:LNVGY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY) saw unusually-high trading volume on Tuesday . Approximately 123,536 shares traded hands during mid-day trading, an increase of 49% from the previous session’s volume of 83,096 shares.The stock last traded at $25.09 and had previously closed at $25.55.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Lenovo Group currently has a consensus rating of “Hold”.

Lenovo Group Stock Down 2.1%

The firm has a market capitalization of $15.01 billion, a PE ratio of 9.92, a P/E/G ratio of 0.53 and a beta of 0.71. The stock has a 50-day simple moving average of $29.33 and a 200-day simple moving average of $26.95. The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.59.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings results on Wednesday, November 19th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.15. Lenovo Group had a return on equity of 28.73% and a net margin of 2.17%.The firm had revenue of $20.45 billion for the quarter, compared to analysts’ expectations of $20.09 billion. Analysts forecast that Lenovo Group Ltd. will post 2.06 EPS 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.