L’Oreal (OTCMKTS:LRLCY) Shares Pass Below 50-Day Moving Average – Here’s Why

L’Oreal SA (OTCMKTS:LRLCY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $84.55 and traded as low as $84.28. L’Oreal shares last traded at $84.31, with a volume of 98,405 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LRLCY. Royal Bank Of Canada upgraded L’Oreal from a “sector perform” rating to an “outperform” rating in a report on Friday, March 21st. Berenberg Bank lowered shares of L’Oreal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

L’Oreal Stock Down 1.1%

The company’s 50-day moving average price is $84.55 and its 200 day moving average price is $76.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.81 and a current ratio of 1.13.

L’Oreal Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 5th were issued a dividend of $1.2082 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 1.39%.

L’Oreal Company Profile

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.