Lenovo Group (OTCMKTS:LNVGY) Shares Gap Up – Still a Buy?

Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY) gapped up before the market opened on Thursday . The stock had previously closed at $77.76, but opened at $80.50. Lenovo Group shares last traded at $81.45, with a volume of 10,257 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Lenovo Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Lenovo Group presently has an average rating of “Hold”.

Lenovo Group Stock Performance

The stock has a market cap of $50.34 billion, a PE ratio of 78.81 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. The business has a 50 day moving average price of $68.86 and a two-hundred day moving average price of $48.13.

Lenovo Group Company Profile

Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, tablets, smartphones and other smart devices. Its portfolio includes the ThinkPad, ThinkBook, Yoga, Legion and IdeaPad computer brands, along with accessories, software and related device-management solutions.

The company also provides data-center and infrastructure products, including servers, storage systems, networking equipment and high-performance computing solutions. Through its services and solutions businesses, Lenovo supports organizations with IT consulting, managed services, digital workplace services, infrastructure services and other technology solutions.

Lenovo was founded in Beijing in 1984 as Legend and adopted the Lenovo name in 2004.