Lenovo Group Limited (OTCMKTS:LNVGY – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 106,700 shares, a growth of 571.1% from the June 15th total of 15,900 shares. Based on an average daily volume of 236,300 shares, the short-interest ratio is presently 0.5 days.
Analysts Set New Price Targets
A number of analysts have recently commented on LNVGY shares. Morgan Stanley upgraded Lenovo Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 2nd. JPMorgan Chase & Co. upgraded Lenovo Group from a “neutral” rating to an “overweight” rating in a research report on Friday, March 24th. Finally, The Goldman Sachs Group raised Lenovo Group from a “neutral” rating to a “buy” rating in a report on Wednesday, May 31st.
Lenovo Group Stock Performance
Shares of OTCMKTS LNVGY traded down $0.06 during midday trading on Friday, reaching $21.74. 131,934 shares of the company were exchanged, compared to its average volume of 53,272. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67. Lenovo Group has a 1 year low of $13.51 and a 1 year high of $22.34. The stock has a fifty day simple moving average of $20.23 and a 200 day simple moving average of $19.11. The stock has a market cap of $13.18 billion, a P/E ratio of 8.61, a PEG ratio of 1.09 and a beta of 0.99.
Lenovo Group (OTCMKTS:LNVGY – Get Free Report) last released its quarterly earnings results on Wednesday, May 24th. The technology company reported $0.19 earnings per share (EPS) for the quarter. Lenovo Group had a return on equity of 28.36% and a net margin of 2.60%. The firm had revenue of $12.64 billion for the quarter. On average, research analysts forecast that Lenovo Group will post 2.45 earnings per share for the current fiscal year.
Lenovo Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, July 27th will be issued a $0.7462 dividend. The ex-dividend date is Wednesday, July 26th. This is a positive change from Lenovo Group’s previous dividend of $0.18. Lenovo Group’s payout ratio is currently 14.62%.
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.