Separately, Zacks Investment Research upgraded shares of Lenovo Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th.
Shares of OTCMKTS:LNVGY traded down $0.44 during trading hours on Friday, hitting $14.22. The company’s stock had a trading volume of 45,344 shares, compared to its average volume of 32,760. Lenovo Group has a 52 week low of $12.44 and a 52 week high of $19.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.84 and a quick ratio of 0.68. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.61 and a beta of 1.67. The firm’s fifty day moving average price is $14.08 and its 200 day moving average price is $13.90.
Lenovo Group Limited, together with its subsidiaries, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; mobile Internet devices, including tablets and smart phones; storage and networking products; memory and processors; rack and power infrastructure; and laptops, desktops, and accessories, as well as operating systems, security, and systems management software.
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