Lenovo Group (OTCMKTS:LNVGY) Announces Earnings Results

Lenovo Group (OTCMKTS:LNVGY) issued its quarterly earnings results on Wednesday. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01), MarketWatch Earnings reports. The company had revenue of $14.41 billion for the quarter. Lenovo Group had a return on equity of 22.00% and a net margin of 2.22%.

Lenovo Group Stock Performance

Shares of Lenovo Group stock traded down $0.91 during trading on Friday, hitting $24.15. 23,432 shares of the stock were exchanged, compared to its average volume of 27,689. The stock has a market cap 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 is $21.84 and its 200 day moving average is $21.11. Lenovo Group has a 12 month low of $15.29 and a 12 month high of $25.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.64 and a current ratio of 0.88.

Wall Street Analysts Forecast Growth

Separately, Nomura raised shares of Lenovo Group from a “neutral” rating to a “buy” rating in a 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.