Lenovo Group (OTCMKTS:LNVGY) Sets New 52-Week High After Dividend Announcement

Lenovo Group Limited (OTCMKTS:LNVGY) hit a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $25.49 and last traded at $25.35, with a volume of 27786 shares. The stock had previously closed at $24.74.

The newly announced dividend which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be paid a $0.1851 dividend. The ex-dividend date is Tuesday, November 28th. Lenovo Group’s dividend payout ratio (DPR) is 94.91%.

Analyst Ratings Changes

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

Lenovo Group Price Performance

The firm’s 50-day moving average price is $21.92 and its 200-day moving average price is $21.14. The company has a current ratio of 0.88, a quick ratio of 0.64 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $15.37 billion, a PE ratio of 15.76, a PEG ratio of 3.03 and a beta of 0.94.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Wednesday, November 15th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Lenovo Group had a return on equity of 16.80% and a net margin of 1.80%. The firm had revenue of $14.41 billion during the quarter. On average, equities analysts forecast that Lenovo Group Limited will post 2.21 EPS for the current fiscal year.

About Lenovo Group

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.