Lenovo Group (OTCMKTS:LNVGY) Sees Large Volume Increase – What’s Next?

Lenovo Group Ltd. (OTCMKTS:LNVGY) shares saw unusually-high trading volume on Monday . Approximately 603,974 shares changed hands during mid-day trading, an increase of 142% from the previous session’s volume of 249,182 shares.The stock last traded at $23.05 and had previously closed at $23.01.

Analyst Ratings Changes

Several analysts recently weighed in on LNVGY shares. Zacks Research downgraded Lenovo Group from a “hold” rating to a “strong sell” rating in a research note on Monday. JPMorgan Chase & Co. cut 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 and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Lenovo Group Price Performance

The stock has a market cap of $14.25 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $25.09 and its 200-day simple moving average is $27.12.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.15. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. The business had revenue of $20.45 billion for the quarter, compared to analyst estimates of $20.09 billion. As a group, sell-side analysts forecast that Lenovo Group Ltd. will post 2.06 EPS for the current year.

Lenovo Group Company Profile

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.