Lenovo Group (OTCMKTS:LNVGY) Reaches New 12-Month High – Time to Buy?

Lenovo Group Limited (OTCMKTS:LNVGY)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $32.00 and last traded at $31.25, with a volume of 128123 shares traded. The stock had previously closed at $31.18.

Lenovo Group Stock Up 5.5 %

The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 0.64 and a beta of 0.75. The firm has a 50 day moving average price of $25.05 and a two-hundred day moving average price of $25.36.

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 $0.1984 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. Lenovo Group’s dividend payout ratio 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.