Lenovo Group (OTCMKTS:LNVGY) Stock Passes Above 200 Day Moving Average – Time to Sell?

Lenovo Group Limited (OTCMKTS:LNVGY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.89 and traded as high as $26.26. Lenovo Group shares last traded at $25.28, with a volume of 56,270 shares changing hands.

Lenovo Group Price Performance

The firm has a 50 day moving average of $24.73 and a two-hundred day moving average of $25.87. The company has a market cap of $15.68 billion, a PE ratio of 13.59, a P/E/G ratio of 0.51 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

Lenovo Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, December 19th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.1984 per share. The ex-dividend date was Wednesday, November 27th. Lenovo Group’s payout ratio is presently 20.97%.

Lenovo Group Company Profile

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.