Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – What’s Next?

Lenovo Group Ltd. (OTCMKTS:LNVGY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $23.67, but opened at $24.5950. Lenovo Group shares last traded at $24.75, with a volume of 8,865 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LNVGY. JPMorgan Chase & Co. lowered shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a report on Thursday, November 20th. Zacks Research upgraded shares of Lenovo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Lenovo Group Trading Down 0.6%

The stock has a fifty day moving average of $23.56 and a 200-day moving average of $26.26. The company has a market cap of $15.13 billion, a PE ratio of 11.34, a PEG ratio of 1.06 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.71 and a current ratio of 0.96.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Wednesday, February 11th. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.22. Lenovo Group had a return on equity of 26.18% and a net margin of 1.89%.The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $20.65 billion. Sell-side analysts anticipate that Lenovo Group Ltd. will post 2.06 EPS for the current fiscal 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.