Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $66.62, but opened at $59.35. Lenovo Group shares last traded at $59.08, with a volume of 22,703 shares.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Lenovo Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Lenovo Group currently has a consensus rating of “Hold”.
Read Our Latest Research Report on LNVGY
Lenovo Group Stock Performance
The stock’s 50 day moving average is $81.23 and its 200 day moving average is $61.04. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66. The firm has a market cap of $37.21 billion, a price-to-earnings ratio of 56.33 and a beta of 1.27.
About Lenovo Group
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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