LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Reaches New 1-Year Low – What’s Next?

Shares of LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $93.60 and last traded at $93.70, with a volume of 35432 shares trading hands. The stock had previously closed at $96.46.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LVMUY shares. HSBC cut shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Zacks Research raised shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, LVMH-Moet Hennessy Louis Vuitton has an average rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Down 2.7%

The company has a 50-day simple moving average of $106.41 and a 200 day simple moving average of $109.92. The company has a quick ratio of 0.84, a current ratio of 1.58 and a debt-to-equity ratio of 0.18.

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.