EssilorLuxottica (OTCMKTS:ESLOY) Reaches New 1-Year Low – Here’s Why

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $91.11 and last traded at $91.2075, with a volume of 22743 shares changing hands. The stock had previously closed at $93.03.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of EssilorLuxottica from a “buy” rating to a “hold” rating in a report on Tuesday, July 14th. Zacks Research raised shares of EssilorLuxottica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of EssilorLuxottica in a report on Tuesday, May 12th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

EssilorLuxottica Trading Down 1.2%

The company has a fifty day moving average of $96.17 and a 200 day moving average of $109.27. 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.