L’Oreal (OTCMKTS:LRLCY) Sees Strong Trading Volume – Here’s Why

L’Oreal SA (OTCMKTS:LRLCY) shares saw unusually-high trading volume on Wednesday . Approximately 448,034 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 195,498 shares.The stock last traded at $90.71 and had previously closed at $91.59.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Rothschild & Co Redburn raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Barclays raised L’Oreal from an “underweight” rating to an “overweight” rating in a research report on Friday, January 23rd. UBS Group upgraded L’Oreal from a “neutral” rating to a “buy” rating in a report on Friday, January 9th. Rothschild Redb raised shares of L’Oreal from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded L’Oreal to a “hold” rating in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, L’Oreal currently has an average rating of “Moderate Buy”.

L’Oreal Price Performance

The business’s 50 day simple moving average is $87.72 and its 200 day simple moving average is $87.76. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.15.

About L’Oreal

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.