Coty Inc. (#COTY) Stock Price, Live Chart & Analysis | Trade #COTY

Coty Inc is an international beauty giant, one of the leaders in US and European markets, founded in 1904 by François Coty. The headquarters is located in New York. Coty products are present in more than 150 countries, with offices, production, and research facilities throughout the world. The company has a rich portfolio of brands: Gucci, Stella McCartney, Hugo Boss, Max Factor, Lacoste, Tiffany, Bourjois, and other well-known names. Coty stocks are traded on the New York Stock Exchange under the ticker #COTY; it is included in the S&P400 index.

Coty's stock price depends on the global economic situation. In times of crisis, consumer demand for makeup products usually declines. There are also could be production cycle disruptions. For example, in 2020, supply problems arose due to the COVID-19 pandemic, and Coty management had to lower its earnings forecast. As a result, the #COTY exchange rate fell by 44.2%.

Significant political and economic events also affect Coty's stock price. Coty is an international business, about 77% of its products are manufactured at its factories in the USA, Europe, Brazil, China, Russia, Mexico, and Thailand. Various restrictions can block sales markets for the company; as a result, revenues will decrease, and Coty's stock price will fall.

When trading #COTY, it is essential to study the company’s news. Partnership agreements and purchases of new businesses positively affect the company’s stock price. For example, Coty bought out Burberry, Good Hair Day, and several divisions of Procter & Gamble, which helped the company strengthen its position in professional products and luxury cosmetics, and the stocks increased in price.

However, one should also monitor Coty’s financial indicators. The purchases of new divisions often increase the company’s debt burden. The business reorganization requires high costs, reducing the net revenue and pressing down Coty’s stock price.