LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Shares Cross Below 50-Day Moving Average – Here’s Why

Shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $138.68 and traded as low as $120.00. LVMH Moët Hennessy – Louis Vuitton, Société Européenne shares last traded at $120.34, with a volume of 1,543,723 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LVMUY. Kepler Capital Markets upgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Bank of America upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Stock Performance

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

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

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

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.