Lenovo Group Ltd. (OTCMKTS:LNVGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Lenovo Group Limited is a personal technology company. The Company is dedicated to building PCs and mobile internet devices. Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. Lenovo Group Limited is based in Quarry Bay, Hong Kong. “

Shares of Lenovo Group (LNVGY) opened at $11.60 on Tuesday. Lenovo Group has a fifty-two week low of $10.51 and a fifty-two week high of $13.90. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The firm has a market cap of $6,500.00, a PE ratio of 23.59 and a beta of 1.09.

Lenovo Group (OTCMKTS:LNVGY) last posted its earnings results on Thursday, August 17th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Lenovo Group had a return on equity of 7.22% and a net margin of 0.62%. The business had revenue of $10.01 billion during the quarter. research analysts anticipate that Lenovo Group will post 0.65 earnings per share for the current year.

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About Lenovo Group

Lenovo Group Limited is an investment holding company principally engaged in personal computers and related businesses. The Company’s main products include Think-branded commercial personal computers and Idea-branded consumer personal computers, as well as servers, workstations and a family of mobile Internet devices, including tablets and smart phones.

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