EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Down – Here’s Why

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $166.33, but opened at $160.42. EssilorLuxottica shares last traded at $160.75, with a volume of 3,312 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ESLOY shares. Citigroup reaffirmed a “buy” rating on shares of EssilorLuxottica in a research note on Thursday, December 11th. Zacks Research lowered shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada restated an “outperform” rating on shares of EssilorLuxottica in a report on Tuesday, October 28th. Barclays started coverage on shares of EssilorLuxottica in a report on Tuesday, September 9th. They set an “overweight” rating on the stock. Finally, UBS Group upgraded EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

EssilorLuxottica Stock Performance

The company has a quick ratio of 0.67, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $176.71 and a 200 day moving average of $158.85.

About EssilorLuxottica

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and North America. It operates through Professional Solutions and Direct to Consumer segments. The company offers lens under the Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir, eyexpert, iWear, Humanware, and Optifog brands.