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

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) reached a new 52-week low during trading on Monday. The stock traded as low as $82.29 and last traded at $84.10, with a volume of 369,380 shares traded. The stock had previously closed at $85.38.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank Of Canada lowered shares of LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. HSBC downgraded LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Three analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, LVMH-Moet Hennessy Louis Vuitton presently has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Up 3.5%

The company has a 50 day moving average price of $97.64 and a 200-day moving average price of $106.12. The company has a quick ratio of 0.78, a current ratio of 1.63 and a debt-to-equity ratio of 0.19.

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.