Lenovo Group (OTCMKTS:LNVGY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Lenovo Group Limited (OTCMKTS:LNVGY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.24 and traded as high as $31.84. Lenovo Group shares last traded at $31.61, with a volume of 298,593 shares changing hands.

Lenovo Group Stock Down 6.7 %

The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock’s 50-day moving average price is $28.07 and its 200-day moving average price is $26.32. The company has a market cap of $18.58 billion, a P/E ratio of 12.48, a PEG ratio of 0.67 and a beta of 0.71.

Lenovo Group (OTCMKTS:LNVGY) last announced its quarterly earnings results on Wednesday, February 19th. The technology company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.47. The business had revenue of $18.80 billion for the quarter, compared to analyst estimates of $17.85 billion. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. As a group, research analysts forecast that Lenovo Group Limited will post 2.06 EPS for the current year.

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.