LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Sets New 52-Week Low After Analyst Downgrade

Shares of LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) hit a new 52-week low during mid-day trading on Tuesday after Royal Bank Of Canada downgraded the stock from a moderate buy rating to a hold rating. The stock traded as low as $91.63 and last traded at $92.00, with a volume of 299841 shares trading hands. The stock had previously closed at $93.01.

Several other brokerages have also recently issued reports on LVMUY. 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. HSBC lowered 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, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.58. The stock’s 50-day moving average is $103.72 and its 200 day moving average is $108.41.

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.