LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $141.58 and traded as low as $132.64. LVMH Moët Hennessy – Louis Vuitton, Société Européenne shares last traded at $132.95, with a volume of 461,635 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. HSBC raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Berenberg Bank raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a research report on Wednesday, October 30th. Citigroup raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a report on Friday, October 11th. TD Cowen raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Hsbc Global Res raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Up 0.6 %

The firm has a 50 day moving average price of $130.53 and a 200-day moving average price of $141.58.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.181 per share. The ex-dividend date of this dividend is Friday, November 29th.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

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.