Lenovo Group (OTCMKTS:LNVGY) Hits New 52-Week High – Should You Buy?

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY) reached a new 52-week high during trading on Thursday . The stock traded as high as $49.50 and last traded at $48.53, with a volume of 129812 shares traded. The stock had previously closed at $46.73.

Wall Street Analyst Weigh In

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

Lenovo Group Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71. The company’s 50 day moving average is $29.32 and its 200 day moving average is $26.06. The stock has a market cap of $30.10 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.03 and a beta of 0.78.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.54 by $0.28. The firm had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. Lenovo Group had a net margin of 2.30% and a return on equity of 28.52%. Research analysts forecast that Lenovo Group Ltd. will post 2.25 earnings per share 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.