LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Stock Price Breaks Below Fifty Day Moving Average – Here’s What Happened

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) shares crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $91.03 and traded as low as $89.71. LVMH-Moet Hennessy Louis Vuitton shares last traded at $90.96, with a volume of 1,175,241 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LVMUY. HSBC cut shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Zacks Research cut shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. TD Cowen assumed coverage on LVMH-Moet Hennessy Louis Vuitton in a research report on Friday, October 30th. They issued a “hold” rating for the company. Finally, Royal Bank Of Canada cut shares of LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Down 2.8%

The firm has a fifty day simple moving average of $91.03 and a 200 day simple moving average of $108.15. The company has a quick ratio of 0.78, a current ratio of 1.63 and a debt-to-equity ratio of 0.19.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton is a French luxury goods group with businesses spanning fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. Its portfolio includes brands such as Louis Vuitton, Dior, Moët & Chandon, Hennessy, Bulgari, Tiffany & Co, and Sephora.

The company was formed in 1987 through the merger of Louis Vuitton and Moët Hennessy. It serves customers around the world through its brand boutiques, department-store concessions, travel retail locations, and online channels.

LVMH is led by Chairman and Chief Executive Officer Bernard Arnault.