Lenovo Group (OTCMKTS:LNVGY) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Lenovo Group Limited (OTCMKTS:LNVGY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.97 and traded as high as $30.80. Lenovo Group shares last traded at $29.87, with a volume of 43,731 shares traded.

Lenovo Group Stock Performance

The firm has a fifty day simple moving average of $27.19 and a 200-day simple moving average of $25.97. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.67 and a beta of 0.75.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.47. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. The firm had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $17.85 billion. Analysts forecast that Lenovo Group Limited will post 2.06 EPS for the current fiscal year.

Lenovo Group Company Profile

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.