Lenovo Group (OTCMKTS:LNVGY) Stock Crosses Above 200-Day Moving Average of $18.12

Shares of Lenovo Group Limited (OTCMKTS:LNVGY – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.12 and traded as high as $18.25. Lenovo Group shares last traded at $18.05, with a volume of 38,457 shares traded.

Wall Street Analysts Forecast Growth

LNVGY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Lenovo Group from a “neutral” rating to an “overweight” rating in a research report on Friday, March 24th. Morgan Stanley raised shares of Lenovo Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 2nd.

Lenovo Group Price Performance

The business’s 50 day simple moving average is $20.61 and its 200-day simple moving average is $18.12. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 6.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 0.90.

Lenovo Group Company Profile

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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.