LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Sets New 52-Week Low – Here’s Why

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY)’s share price hit a new 52-week low during trading on Monday. The company 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.

Analyst Ratings Changes

A number of brokerages have issued reports on LVMUY. HSBC downgraded LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Royal Bank Of Canada lowered LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Three research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.63 and a quick ratio of 0.78. The firm’s 50-day simple moving average is $98.73 and its 200 day simple moving average is $106.42.

About LVMH-Moet Hennessy Louis Vuitton

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.