Lenovo Group (OTCMKTS:LNVGY) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Lenovo Group (OTCMKTS:LNVGY) from a hold rating to a sell rating in a research report sent to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Lenovo Group from a hold rating to a sell rating in a report on Wednesday, November 13th.

Shares of LNVGY stock opened at $13.72 on Thursday. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.62 and a beta of 1.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.68 and a current ratio of 0.84. The company has a 50-day simple moving average of $13.95 and a 200 day simple moving average of $14.07. Lenovo Group has a 52 week low of $12.44 and a 52 week high of $19.04.

Lenovo Group (OTCMKTS:LNVGY) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.14). The company had revenue of $13.52 billion for the quarter, compared to the consensus estimate of $13.89 billion. Lenovo Group had a return on equity of 17.61% and a net margin of 1.38%. Sell-side analysts forecast that Lenovo Group will post 1.36 EPS for the current year.

About Lenovo Group

Lenovo Group Limited, together with its subsidiaries, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; mobile Internet devices, including tablets and smart phones; storage and networking products; memory and processors; rack and power infrastructure; and laptops, desktops, and accessories, as well as operating systems, security, and systems management software.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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