EssilorLuxottica (OTCMKTS:ESLOY) Sets New 1-Year Low – Here’s What Happened

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) hit a new 52-week low during mid-day trading on Saturday . The company traded as low as $108.3850 and last traded at $109.15, with a volume of 155680 shares changing hands. The stock had previously closed at $111.19.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Kepler Capital Markets upgraded shares of EssilorLuxottica from a “hold” rating to a “buy” rating in a report on Thursday, January 15th. HSBC upgraded shares of EssilorLuxottica from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

EssilorLuxottica Price Performance

The company’s fifty day moving average price is $121.83 and its 200 day moving average price is $151.61. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

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.