Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – Should You Buy?

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY) gapped up before the market opened on Tuesday . The stock had previously closed at $40.17, but opened at $47.01. Lenovo Group shares last traded at $46.35, with a volume of 23,011 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Lenovo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Lenovo Group Stock Up 15.3%

The stock has a market cap of $28.73 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.75 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $28.39 and a two-hundred day moving average of $25.79.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Thursday, May 21st. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%.The firm had revenue of $21.59 billion for the quarter, compared to analysts’ expectations of $19.39 billion. As a group, analysts predict that Lenovo Group Ltd. will post 2.25 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.