LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Reaches New 52-Week Low – Here’s What Happened

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $114.24 and last traded at $114.70, with a volume of 661708 shares trading hands. The stock had previously closed at $120.34.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LVMUY shares. Bank of America raised 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 upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, LVMH Moët Hennessy – Louis Vuitton, Société Européenne presently has an average rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Down 4.7 %

The business’s 50 day moving average price is $137.89 and its 200-day moving average price is $135.36.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

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

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Company Profile

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.