Lenovo Group Ltd. (OTCMKTS:LNVGY) was downgraded by Zacks Investment Research from a “buy” rating to a “strong sell” rating in a research note issued on Tuesday.
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 up 0.44% on Tuesday, hitting $12.43. 14,424 shares of the company’s stock were exchanged. Lenovo Group has a 12-month low of $11.31 and a 12-month high of $21.90. The company’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00.
Lenovo Group Company Profile