LVMH-Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) Sees Large Volume Increase – Time to Buy?

Shares of LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) saw unusually-strong trading volume on Friday. Approximately 1,239,666 shares traded hands during trading, an increase of 184% from the previous session’s volume of 435,963 shares. The stock last traded at $88.79 and had previously closed at $89.00.

Analysts Set New Price Targets

LVMUY has been the subject of a number of research reports. Zacks Research cut shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong sell” rating in a report on Wednesday. HSBC cut LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Finally, Royal Bank Of Canada downgraded LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Down 0.9%

The company has a current ratio of 1.63, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $96.72 and its 200 day moving average is $105.88.

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury goods group whose portfolio spans wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. Its brands include Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Moët & Chandon, Hennessy, Bulgari, TAG Heuer, Sephora and DFS.

The company was formed in 1987 through the merger of Louis Vuitton with Moët Hennessy. LVMH develops, produces and distributes luxury products through a combination of directly operated stores, e-commerce channels, wholesale networks and hospitality or travel-retail locations.