EssilorLuxottica (OTCMKTS:ESLOY) Hits New 52-Week Low – Here’s Why

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s share price reached a new 52-week low on Monday . The stock traded as low as $96.3805 and last traded at $97.01, with a volume of 14010 shares trading hands. The stock had previously closed at $101.92.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft began coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

EssilorLuxottica Price Performance

The firm’s fifty day moving average price is $106.15 and its 200 day moving average price is $131.24. 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.