L’Oréal (OTCMKTS:LRLCY) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of L’Oréal S.A. (OTCMKTS:LRLCY) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $83.23 and traded as low as $71.13. L’Oréal shares last traded at $71.74, with a volume of 967,263 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LRLCY. JPMorgan Chase & Co. cut L’Oréal from a “neutral” rating to an “underweight” rating in a research note on Wednesday, October 16th. BNP Paribas cut shares of L’Oréal from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 10th. Finally, DZ Bank downgraded shares of L’Oréal from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, L’Oréal has an average rating of “Hold”.

L’Oréal Stock Down 0.2 %

The company has a quick ratio of 0.73, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $74.17 and a 200 day simple moving average of $83.23.

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.