Lenovo Group (OTCMKTS:LNVGY) Shares Gap Down – Time to Sell?

Lenovo Group Ltd. (OTCMKTS:LNVGY) shares gapped down prior to trading on Monday . The stock had previously closed at $60.4749, but opened at $53.80. Lenovo Group shares last traded at $54.65, with a volume of 4,112 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Lenovo Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Lenovo Group Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $46.45 and its 200-day moving average is $31.93. The stock has a market cap of $36.74 billion, a price-to-earnings ratio of 21.39 and a beta of 1.10.

Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.54 by $0.28. The business had revenue of $21.59 billion for the quarter, compared to the consensus estimate of $19.39 billion. Lenovo Group had a return on equity of 27.74% and a net margin of 2.30%. On average, analysts forecast that Lenovo Group Ltd. will post 3.59 EPS for the current year.

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.