Coty Inc. Class A (COTY) Dips 5.14% for September 24

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday September 24 was Coty Inc. Class A (COTY). The stock experienced a 5.14% decline to $2.77 with 19.33 million shares changing hands.

Coty Inc. Class A started at an opening price of 2.89 and hit a high of $2.90 and a low of $2.65. Ultimately, the stock took a hit and finished the day at $0.15 per share. Coty Inc. Class A trades an average of n/a shares a day out of a total 765.08 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Coty Inc. Class A hit a high of $13.42 and a low of $3.02 over the last year.

Coty is a global beauty company that sells fragrances (40% of fiscal 2019 revenue), color cosmetics (26%), hair care (25%), and skin/body care (9%). The firm licenses brands such as Calvin Klein, Hugo Boss, Gucci, and Davidoff for its fragrance portfolio. Coty's most popular color cosmetic brands are CoverGirl, Max Factor, Rimmel, OPI, and Sally Hansen. In hair care, the firm touts the Wella and Clairol brands. Francois Coty founded the firm in 1904 and it remained private until its 2013 IPO. It had focused on prestige fragrances and nail salon brands until the 2016 acquisition of Procter & Gamble's beauty care business. This nearly doubled the firm's revenue base, and launched it into consumer cosmetics and professional hair care.

With its headquarters located in New York, NY, Coty Inc. Class A employs 18,260 people. After today’s trading, the company’s market cap has fallen to $2.12 billion, a P/S of n/a, a P/B of 0.71, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Coty Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: COTY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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