L’Oréal (OTCMKTS:LRLCY) Stock Passes Above Fifty Day Moving Average of $94.30

L’Oréal S.A. (OTCMKTS:LRLCY) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $94.30 and traded as high as $95.23. L’Oréal shares last traded at $94.90, with a volume of 128,710 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of L’Oréal from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, L’Oréal presently has a consensus rating of “Hold”.

L’Oréal Stock Performance

The company’s fifty day moving average price is $94.30 and its two-hundred day moving average price is $92.68. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.16.

L’Oréal Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, April 25th will be issued a $1.4219 dividend. This is a positive change from L’Oréal’s previous dividend of $1.03. The ex-dividend date is Wednesday, April 24th.

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.