LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Stock Passes Below 50 Day Moving Average – Here’s What Happened

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $139.33 and traded as low as $128.34. LVMH-Moet Hennessy Louis Vuitton shares last traded at $130.98, with a volume of 335,613 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. DZ Bank raised LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Zacks Research raised shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Five equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, LVMH-Moet Hennessy Louis Vuitton presently has an average rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.84. The stock has a 50 day simple moving average of $139.33 and a 200 day simple moving average of $133.40.

LVMH-Moet Hennessy Louis Vuitton Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.9983 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a yield of 165.0%.

LVMH-Moet Hennessy Louis Vuitton Company Profile

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.