Lenovo Group (OTCMKTS:LNVGY) Announces Earnings Results

Lenovo Group (OTCMKTS:LNVGY) posted its quarterly earnings results on Wednesday. The technology company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.47, Zacks reports. Lenovo Group had a return on equity of 19.49% and a net margin of 1.89%. The firm had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $17.85 billion.

Lenovo Group Stock Performance

Shares of OTCMKTS LNVGY traded down $1.08 during midday trading on Friday, hitting $30.91. 60,099 shares of the company’s stock were exchanged, compared to its average volume of 146,432. 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 has a 12 month low of $20.56 and a 12 month high of $33.57. The company’s 50 day moving average price is $26.15 and its 200 day moving average price is $25.68. The firm has a market capitalization of $19.17 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.70 and a beta of 0.75.

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.