LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY – Get Free Report)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $109.24 and traded as low as $105.83. LVMH-Moet Hennessy Louis Vuitton shares last traded at $106.56, with a volume of 400,503 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have commented on LVMUY shares. Barclays raised LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Zacks Research raised LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Five research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.
View Our Latest Stock Report on LVMUY
LVMH-Moet Hennessy Louis Vuitton Stock Up 2.3%
LVMH-Moet Hennessy Louis Vuitton Company Profile
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.
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