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

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUYGet Free Report)’s stock price reached a new 52-week low on Thursday . The company traded as low as $103.00 and last traded at $103.2388, with a volume of 219761 shares traded. The stock had previously closed at $107.80.

Analyst Upgrades and Downgrades

LVMUY has been the topic of several research reports. Barclays raised LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. 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. Five investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

View Our Latest Stock Report on LVMH-Moet Hennessy Louis Vuitton

LVMH-Moet Hennessy Louis Vuitton Stock Up 1.5%

The firm’s 50 day simple moving average is $111.70 and its 200-day simple moving average is $117.70. 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

(Get Free Report)

LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate that designs, produces and sells high-end products across multiple luxury segments. Formed through the 1987 merger of fashion house Louis Vuitton and the wine and spirits group Moët Hennessy, the company is headquartered in Paris and is led by Chairman and Chief Executive Officer Bernard Arnault. LVMH’s organization centers on a portfolio of maisons that operate with a degree of independence under centralized strategic oversight.

The company’s principal activities span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.

Further Reading

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