L’Oréal (OTCMKTS:LRLCY) Reaches New 52-Week Low – Time to Sell?

L’Oréal S.A. (OTCMKTS:LRLCY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $67.10 and last traded at $68.17, with a volume of 186244 shares changing hands. The stock had previously closed at $69.21.

Wall Street Analysts Forecast Growth

LRLCY has been the topic of several recent analyst reports. DZ Bank cut shares of L’Oréal from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut shares of L’Oréal from a “neutral” rating to an “underweight” rating in a research report on Wednesday, October 16th. Two equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

L’Oréal Trading Down 1.6 %

The firm’s 50-day moving average is $70.42 and its two-hundred day moving average is $79.89. 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.