L’Oréal (OTCMKTS:LRLCY) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

L’Oréal S.A. (OTCMKTS:LRLCY)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $81.18 and traded as high as $84.84. L’Oréal shares last traded at $84.37, with a volume of 108,464 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LRLCY. Berenberg Bank lowered shares of L’Oréal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Royal Bank of Canada upgraded L’Oréal from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 21st. Finally, Argus upgraded shares of L’Oréal to a “strong-buy” rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

L’Oréal Stock Performance

The business has a fifty day moving average of $81.18 and a two-hundred day moving average of $75.04. The company has a quick ratio of 0.73, a current ratio of 1.01 and a debt-to-equity ratio of 0.13.

L’Oréal Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 5th will be given a $1.2082 dividend. This represents a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, May 2nd.

About L’Oréal

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.