Lenovo Group (OTCMKTS:LNVGY) Sets New 1-Year High on Analyst Upgrade

Lenovo Group Ltd. (OTCMKTS:LNVGY) hit a new 52-week high on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $49.50 and last traded at $48.53, with a volume of 129812 shares changing hands. The stock had previously closed at $46.73.

Lenovo Group Trading Up 21.5%

The company has a market capitalization of $38.21 billion, a PE ratio of 22.24, a PEG ratio of 1.80 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $30.60 and a two-hundred day moving average of $26.46.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings data 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. The company had revenue of $21.59 billion for the quarter, compared to analysts’ expectations of $19.39 billion. Lenovo Group had a return on equity of 28.52% and a net margin of 2.30%. As a group, sell-side analysts anticipate that Lenovo Group Ltd. will post 2.75 earnings per share for the current fiscal 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.