Lenovo Group (OTCMKTS:LNVGY – Get Free Report) announced its earnings results on Thursday. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $1.13, Zacks reports. Lenovo Group had a return on equity of 27.74% and a net margin of 2.30%.
Lenovo Group Stock Up 18.6%
LNVGY traded up $13.75 during trading on Thursday, hitting $87.52. The stock had a trading volume of 750,603 shares, compared to its average volume of 126,805. The stock has a 50 day simple moving average of $61.03 and a two-hundred day simple moving average of $40.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 0.95. Lenovo Group has a twelve month low of $21.00 and a twelve month high of $89.99. The company has a market capitalization of $54.28 billion, a PE ratio of 31.60 and a beta of 1.14.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.
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.
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