Lenovo Group (OTCMKTS:LNVGY – Get Free Report) released 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 return on equity of 22.00% and a net margin of 2.22%.
Lenovo Group Stock Down 3.6 %
Shares of Lenovo Group stock opened at $24.15 on Friday. The business has a 50-day moving average of $21.84 and a 200-day moving average of $21.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.88 and a quick ratio of 0.64. 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. Lenovo Group has a 1-year low of $15.29 and a 1-year high of $25.25.
Wall Street Analysts Forecast Growth
Separately, Nomura raised Lenovo Group from a “neutral” rating to a “buy” rating in a research note on Friday, October 20th.
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.
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