L’Oréal (OTCMKTS:LRLCY) Hits New 1-Year Low – Here’s Why

L’Oréal S.A. (OTCMKTS:LRLCY)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $68.30 and last traded at $68.45, with a volume of 334751 shares changing hands. The stock had previously closed at $68.64.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRLCY. DZ Bank cut shares of L’Oréal from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Jefferies Financial Group upgraded shares of L’Oréal from an “underperform” rating to a “hold” rating in a research note on Wednesday, August 14th. BNP Paribas lowered shares of L’Oréal from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. downgraded shares of L’Oréal from a “neutral” rating to an “underweight” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, L’Oréal currently has a consensus rating of “Hold”.

L’Oréal Price Performance

The company’s 50-day moving average price is $79.67 and its 200 day moving average price is $86.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 0.73.

About L’Oréal

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.