LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Shares Gap Down – Should You Sell?

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) gapped down before the market opened on Wednesday . The stock had previously closed at $137.25, but opened at $129.81. LVMH-Moet Hennessy Louis Vuitton shares last traded at $131.15, with a volume of 143,944 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LVMUY. DZ Bank upgraded LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Berenberg Bank cut LVMH-Moet Hennessy Louis Vuitton from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Morgan Stanley upgraded LVMH-Moet Hennessy Louis Vuitton from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 6th. UBS Group raised LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Five research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average is $145.70 and its 200 day moving average is $131.49.

LVMH-Moet Hennessy Louis Vuitton Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 2nd were issued a $0.9983 dividend. This represents a yield of 165.0%. The ex-dividend date was Monday, December 1st.

About LVMH-Moet Hennessy Louis Vuitton

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.