Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) traded down 8.2% on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $64.06 and last traded at $64.35. Approximately 29,691 shares changed hands during trading, a decline of 79% from the average daily volume of 144,560 shares. The stock had previously closed at $70.09.
Lenovo Group Price Performance
The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 0.98. The firm has a market cap of $42.72 billion, a price-to-earnings ratio of 64.68 and a beta of 1.27. The company’s fifty day moving average is $82.36 and its two-hundred day moving average is $60.82.
About Lenovo Group
Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, smart devices, infrastructure products and technology services. Its portfolio includes ThinkPad, ThinkBook, Yoga and Legion PCs, as well as tablets, workstations, accessories and other connected devices. Lenovo also markets smartphones under the Motorola brand.
The company serves consumers, small and medium-sized businesses, large enterprises, governments and education customers.
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