LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Share Price Breaks Below 50 Day Moving Average – Here’s What Happened

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $91.03 and traded as low as $89.71. LVMH-Moet Hennessy Louis Vuitton shares last traded at $90.96, with a volume of 1,175,241 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on LVMUY shares. Zacks Research lowered shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. HSBC cut LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Royal Bank Of Canada lowered shares of LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, TD Cowen began coverage on shares of LVMH-Moet Hennessy Louis Vuitton in a report on Friday, October 30th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

The business’s 50 day simple moving average is $91.03 and its 200-day simple moving average is $108.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.78 and a current ratio of 1.63.

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton is a French luxury goods group with businesses spanning fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. Its portfolio includes brands such as Louis Vuitton, Dior, Moët & Chandon, Hennessy, Bulgari, Tiffany & Co, and Sephora.

The company was formed in 1987 through the merger of Louis Vuitton and Moët Hennessy. It serves customers around the world through its brand boutiques, department-store concessions, travel retail locations, and online channels.

LVMH is led by Chairman and Chief Executive Officer Bernard Arnault.