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

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $101.75 and last traded at $101.89, with a volume of 24064 shares. The stock had previously closed at $102.6350.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LVMUY shares. Barclays raised shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, 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 business has a 50-day simple moving average of $108.98 and a two-hundred day simple moving average of $111.74.

About LVMH-Moet Hennessy Louis Vuitton

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.