Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – Here’s What Happened

Lenovo Group Ltd. (OTCMKTS:LNVGY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $25.14, but opened at $26.11. Lenovo Group shares last traded at $25.1550, with a volume of 15,450 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Lenovo Group Trading Up 0.3%

The company has a quick ratio of 0.67, a current ratio of 0.95 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average is $29.13 and its two-hundred day moving average is $27.02. The firm has a market cap of $15.65 billion, a P/E ratio of 10.34, a PEG ratio of 0.56 and a beta of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.15. The firm had revenue of $20.45 billion during the quarter, compared to analyst estimates of $20.09 billion. Lenovo Group had a net margin of 2.17% and a return on equity of 28.73%. Analysts predict that Lenovo Group Ltd. will post 2.06 earnings per share 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.