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

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 $98.89 and last traded at $98.9390, with a volume of 291512 shares trading hands. The stock had previously closed at $99.75.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HSBC downgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Research raised LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Four investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Down 1.4%

The business’s fifty day moving average price is $107.50 and its 200 day moving average price is $110.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.58.

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.