Shares of Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $66.62, but opened at $59.35. Lenovo Group shares last traded at $59.08, with a volume of 22,703 shares changing hands.
Analysts Set New Price Targets
Separately, Zacks Research cut Lenovo Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Research Report on Lenovo Group
Lenovo Group Price Performance
The company’s 50 day simple moving average is $82.36 and its 200 day simple moving average is $60.82. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $37.80 billion, a PE ratio of 57.23 and a beta of 1.27.
About Lenovo Group
Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, smart devices, infrastructure products and technology services. Its portfolio includes ThinkPad, ThinkBook, Yoga and Legion PCs, as well as tablets, workstations, accessories and other connected devices. Lenovo also markets smartphones under the Motorola brand.
The company serves consumers, small and medium-sized businesses, large enterprises, governments and education customers.
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