Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $58.60, but opened at $60.7160. Lenovo Group shares last traded at $60.8535, with a volume of 8,109 shares traded.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded shares of Lenovo Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold”.
View Our Latest Research Report on LNVGY
Lenovo Group Stock Up 3.1%
The firm has a market capitalization of $38.73 billion, a PE ratio of 58.64 and a beta of 1.27. The business’s fifty day moving average price is $80.16 and its 200 day moving average price is $49.97.
Lenovo Group Company Profile
Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, smart devices, infrastructure products and technology services. Its portfolio includes ThinkPad, ThinkBook, Yoga and Legion PCs, as well as tablets, workstations, accessories and other connected devices. Lenovo also markets smartphones under the Motorola brand.
The company serves consumers, small and medium-sized businesses, large enterprises, governments and education customers.
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