L’Oreal (OTCMKTS:LRLCY) Shares Gap Down – Here’s What Happened

L’Oreal SA (OTCMKTS:LRLCY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $88.62, but opened at $84.39. L’Oreal shares last traded at $84.78, with a volume of 4,455 shares.

Analyst Ratings Changes

LRLCY has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of L’Oreal in a research note on Tuesday, February 17th. UBS Group upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a research note on Friday, January 9th. HSBC upgraded shares of L’Oreal to a “buy” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded shares of L’Oreal to a “hold” rating in a research note on Monday, January 12th. Finally, BNP Paribas Exane upgraded shares of L’Oreal from an “underperform” rating to a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

L’Oreal Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44. The stock’s 50 day simple moving average is $84.42 and its two-hundred day simple moving average is $86.44.

About L’Oreal

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.