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

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $89.54 and last traded at $89.5550, with a volume of 20029 shares trading hands. The stock had previously closed at $90.96.

Analyst Upgrades and Downgrades

A number of research firms have commented on LVMUY. Royal Bank Of Canada cut shares of LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. 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. Finally, HSBC cut shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, LVMH-Moet Hennessy Louis Vuitton currently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Price Performance

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 business has a 50 day moving average price of $102.41 and a two-hundred day moving average price of $107.87.

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury goods group whose portfolio spans wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. Its brands include Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Moët & Chandon, Hennessy, Bulgari, TAG Heuer, Sephora and DFS.

The company was formed in 1987 through the merger of Louis Vuitton with Moët Hennessy. LVMH develops, produces and distributes luxury products through a combination of directly operated stores, e-commerce channels, wholesale networks and hospitality or travel-retail locations.