LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Shares Pass Below 50 Day Moving Average – What’s Next?

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $138.68 and traded as low as $120.00. LVMH Moët Hennessy – Louis Vuitton, Société Européenne shares last traded at $120.34, with a volume of 1,543,723 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a research note on Thursday, January 16th. Kepler Capital Markets raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

The stock has a 50-day simple moving average of $137.89 and a two-hundred day simple moving average of $135.36.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.6206 per share. The ex-dividend date is Wednesday, April 23rd. This is a boost from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.18.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.