EssilorLuxottica (OTCMKTS:ESLOY) Hits New 1-Year Low – What’s Next?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) hit a new 52-week low on Thursday . The company traded as low as $89.74 and last traded at $90.09, with a volume of 13054 shares. The stock had previously closed at $92.12.

Analyst Ratings Changes

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

EssilorLuxottica Stock Performance

The stock’s fifty day moving average price is $95.59 and its 200-day moving average price is $107.07. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

About EssilorLuxottica

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.