Lenovo Group (LNVGY) Lifted to Hold at Zacks Investment Research

Lenovo Group (OTCMKTS:LNVGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, January 3rd.

According to Zacks, “Lenovo Group Limited is a personal technology company. The Company is dedicated to building PCs and mobile internet devices. Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. Lenovo Group Limited is based in Quarry Bay, Hong Kong. “

Lenovo Group (OTCMKTS LNVGY) traded down $0.13 during mid-day trading on Wednesday, hitting $11.53. 20,871 shares of the stock traded hands, compared to its average volume of 20,267. The company has a market capitalization of $6,970.00, a P/E ratio of 23.53 and a beta of 1.10. Lenovo Group has a 12-month low of $10.51 and a 12-month high of $13.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.79 and a quick ratio of 0.61.

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Lenovo Group Company Profile

Lenovo Group Limited is an investment holding company principally engaged in personal computers and related businesses. The Company’s main products include Think-branded commercial personal computers and Idea-branded consumer personal computers, as well as servers, workstations and a family of mobile Internet devices, including tablets and smart phones.

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