EssilorLuxottica (OTCMKTS:ESLOY) Sets New 52-Week Low – What’s Next?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) shares hit a new 52-week low during trading on Thursday . The company traded as low as $109.25 and last traded at $109.41, with a volume of 3315 shares trading hands. The stock had previously closed at $111.82.

Analyst Ratings Changes

Several research analysts have weighed in on ESLOY shares. Kepler Capital Markets raised shares of EssilorLuxottica from a “hold” rating to a “buy” rating in a report on Thursday, January 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of EssilorLuxottica in a research report on Friday, December 5th. HSBC raised EssilorLuxottica from a “hold” rating to a “buy” rating in a research report on Wednesday, January 14th. Finally, Citigroup reiterated a “buy” rating on shares of EssilorLuxottica in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, EssilorLuxottica presently has a consensus rating of “Buy”.

EssilorLuxottica Stock Performance

The stock has a 50 day moving average of $132.79 and a two-hundred day moving average of $156.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.70.

EssilorLuxottica Company Profile

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.