Lenovo Group Limited (OTCMKTS:LNVGY) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 57,000 shares, a decline of 33.5% from the September 15th total of 85,700 shares. Based on an average trading volume of 59,800 shares, the days-to-cover ratio is presently 1.0 days.
Separately, Zacks Investment Research lowered shares of Lenovo Group from a “buy” rating to a “hold” rating in a report on Wednesday.
Shares of OTCMKTS LNVGY traded down $0.41 during midday trading on Friday, reaching $13.20. The stock had a trading volume of 24,430 shares, compared to its average volume of 41,606. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. Lenovo Group has a twelve month low of $8.92 and a twelve month high of $15.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 0.86. The company’s 50 day moving average price is $13.39 and its 200 day moving average price is $11.85.
Lenovo Group (OTCMKTS:LNVGY) last issued its quarterly earnings results on Thursday, August 13th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The firm had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $12.59 billion. Lenovo Group had a net margin of 1.39% and a return on equity of 17.25%. Equities analysts forecast that Lenovo Group will post 1.5 earnings per share for the current fiscal 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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