Lenovo Group (OTCMKTS:LNVGY) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Lenovo Group Limited (OTCMKTS:LNVGY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.24 and traded as high as $31.84. Lenovo Group shares last traded at $31.61, with a volume of 298,593 shares trading hands.

Lenovo Group Price Performance

The company has a 50 day moving average of $27.86 and a 200 day moving average of $26.24. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.67 and a beta of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings results on Wednesday, February 19th. The technology company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.47. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $17.85 billion. Equities research analysts predict that Lenovo Group Limited will post 2.06 EPS for the current fiscal year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.