Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) traded down 7.4% on Thursday. The company traded as low as $55.30 and last traded at $56.48. 4,460 shares changed hands during trading, a decline of 97% from the average session volume of 144,062 shares. The stock had previously closed at $61.01.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, Lenovo Group currently has an average rating of “Hold”.
Get Our Latest Analysis on LNVGY
Lenovo Group Stock Performance
The business’s 50-day simple moving average is $78.89 and its two-hundred day simple moving average is $50.47. The firm has a market cap of $32.58 billion, a price-to-earnings ratio of 49.33 and a beta of 1.27. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.66.
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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