LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Sets New 52-Week Low – What’s Next?

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) shares 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 changing hands. The stock had previously closed at $90.96.

Analysts Set New Price Targets

A number of analysts have issued reports on LVMUY shares. HSBC downgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Zacks Research raised LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada downgraded LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, LVMH-Moet Hennessy Louis Vuitton currently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Down 1.4%

The stock’s 50 day moving average is $102.41 and its 200-day moving average is $107.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.58.

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.