Separately, Zacks Investment Research cut shares of Lenovo Group from a hold rating to a sell rating in a research note on Wednesday, November 13th.
Shares of Lenovo Group stock traded down $0.13 on Tuesday, reaching $12.75. 49,012 shares of the company were exchanged, compared to its average volume of 35,777. Lenovo Group has a one year low of $12.44 and a one year high of $19.04. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.44 and a beta of 1.66. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $14.13 and a 200 day moving average of $14.53.
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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