Lenovo Group (OTCMKTS:LNVGY) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Lenovo Group Limited (OTCMKTS:LNVGY)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.26 and traded as high as $29.51. Lenovo Group shares last traded at $29.40, with a volume of 54,392 shares traded.

Lenovo Group Price Performance

The business has a 50-day moving average price of $24.76 and a two-hundred day moving average price of $25.29. The company has a market capitalization of $19.34 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 0.64 and a beta of 0.75. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.43.

Lenovo Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 27th were issued a dividend of $0.1984 per share. The ex-dividend date was Wednesday, November 27th. Lenovo Group’s dividend payout ratio (DPR) is currently 21.51%.

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.