LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Sets New 12-Month Low – What’s Next?

Shares of LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $91.63 and last traded at $92.00, with a volume of 299841 shares. The stock had previously closed at $93.01.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LVMUY shares. HSBC lowered LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. 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. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

The company has a current ratio of 1.58, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $104.54 and its 200 day simple moving average is $108.79.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury-goods group formed in 1987 through the merger of Louis Vuitton and Moët Hennessy. The company develops, produces and sells premium products through a portfolio of maisons, or brands, with heritage spanning fashion, wine and spirits, jewelry, watches, beauty and selective retail.

LVMH’s principal business segments include Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing and Other Activities.