LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Hits New 52-Week Low After Analyst Downgrade

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) shares hit a new 52-week low during trading on Tuesday after Royal Bank Of Canada downgraded the stock from a moderate buy rating to a hold rating. The company traded as low as $91.63 and last traded at $92.00, with a volume of 299841 shares traded. The stock had previously closed at $93.01.

Other research analysts have also recently issued reports about the company. 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 lowered LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Down 1.8%

The company has a 50 day simple moving average of $103.72 and a 200 day simple moving average of $108.41. The company has a current ratio of 1.58, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

LVMH-Moet Hennessy Louis Vuitton Company Profile

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.