Lenovo Group (OTCMKTS:LNVGY) Announces Earnings Results

Lenovo Group (OTCMKTS:LNVGY) posted its quarterly earnings results on Wednesday. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01), MarketWatch Earnings reports. Lenovo Group had a net margin of 2.22% and a return on equity of 22.00%.

Lenovo Group Price Performance

OTCMKTS:LNVGY traded down $0.91 during midday trading on Friday, hitting $24.15. The company had a trading volume of 23,432 shares, compared to its average volume of 27,689. The company has a quick ratio of 0.64, a current ratio of 0.88 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $14.64 billion, a PE ratio of 11.96, a P/E/G ratio of 3.15 and a beta of 0.94. The stock’s fifty day moving average price is $21.84 and its 200-day moving average price is $21.11. Lenovo Group has a 52-week low of $15.29 and a 52-week high of $25.25.

Analyst Ratings Changes

Separately, Nomura upgraded Lenovo Group from a “neutral” rating to a “buy” rating in a research report on Friday, October 20th.

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.