LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Reaches New 12-Month Low – Here’s What Happened

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $101.75 and last traded at $101.89, with a volume of 24064 shares changing hands. The stock had previously closed at $102.6350.

Analyst Upgrades and Downgrades

LVMUY has been the subject of a number of analyst reports. Zacks Research upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Barclays raised LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Four analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, LVMH-Moet Hennessy Louis Vuitton currently has a consensus rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $108.98 and its 200 day simple moving average is $111.74.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate that designs, produces and sells high-end products across multiple luxury segments. Formed through the 1987 merger of fashion house Louis Vuitton and the wine and spirits group Moët Hennessy, the company is headquartered in Paris and is led by Chairman and Chief Executive Officer Bernard Arnault. LVMH’s organization centers on a portfolio of maisons that operate with a degree of independence under centralized strategic oversight.

The company’s principal activities span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.