Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – What’s Next?

Lenovo Group Ltd. (OTCMKTS:LNVGY) gapped up before the market opened on Tuesday . The stock had previously closed at $62.41, but opened at $64.90. Lenovo Group shares last traded at $64.9950, with a volume of 16,108 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Lenovo Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Lenovo Group Trading Up 3.8%

The firm has a market cap of $40.18 billion, a PE ratio of 23.39, a PEG ratio of 2.04 and a beta of 1.10. The business has a 50-day moving average price of $39.07 and a two-hundred day moving average price of $29.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly 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 28.52% and a net margin of 2.30%.The business had revenue of $21.59 billion during the quarter, compared to analysts’ expectations of $19.39 billion. Analysts forecast that Lenovo Group Ltd. will post 2.75 EPS for the current 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.