Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) 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 trading hands.
Analyst Ratings Changes
Separately, Zacks Research lowered Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Lenovo Group
Lenovo Group Stock Down 7.1%
The stock has a market capitalization of $36.36 billion, a P/E ratio of 55.05 and a beta of 1.27. 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’s fifty day moving average is $79.39 and its 200-day moving average is $50.33.
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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