LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Hits New 52-Week Low – What’s Next?

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $91.63 and last traded at $92.00, with a volume of 299841 shares changing hands. The stock had previously closed at $93.01.

Analyst Ratings Changes

A number of brokerages have commented on LVMUY. Zacks Research upgraded LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. HSBC cut LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Down 1.3%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.84. The company’s 50 day simple moving average is $104.54 and its two-hundred day simple moving average is $108.79.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury-goods group formed in 1987 through the merger of Louis Vuitton and Moët Hennessy. The company develops, produces and sells premium products through a portfolio of maisons, or brands, with heritage spanning fashion, wine and spirits, jewelry, watches, beauty and selective retail.

LVMH’s principal business segments include Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing and Other Activities.