Lenovo Group (OTCMKTS:LNVGY) Sees Strong Trading Volume – Here’s What Happened

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw unusually-high trading volume on Monday . Approximately 603,974 shares were traded during trading, an increase of 142% from the previous session’s volume of 249,182 shares.The stock last traded at $23.05 and had previously closed at $23.01.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Lenovo Group Trading Up 1.5%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a market capitalization of $14.49 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The stock has a 50-day moving average price of $25.33 and a two-hundred day moving average price of $27.13.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings results on Wednesday, November 19th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The company had revenue of $20.45 billion during the quarter, compared to analyst estimates of $20.09 billion. Lenovo Group had a return on equity of 28.15% and a net margin of 2.17%. On average, research analysts forecast that Lenovo Group Ltd. will post 2.06 EPS for the current fiscal year.

About Lenovo Group

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.