EssilorLuxottica (OTCMKTS:ESLOY) Reaches New 12-Month Low – What’s Next?

Shares of EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $86.45 and last traded at $86.45, with a volume of 188914 shares. The stock had previously closed at $86.87.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ESLOY. The Goldman Sachs Group lowered EssilorLuxottica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft initiated coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They issued a “hold” rating for the company. Finally, Zacks Research upgraded shares of EssilorLuxottica from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, EssilorLuxottica presently has a consensus rating of “Moderate Buy”.

EssilorLuxottica Trading Down 0.5%

The stock has a 50 day moving average price of $95.02 and a 200-day moving average price of $105.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.99.

About EssilorLuxottica

EssilorLuxottica is a global company focused on the design, manufacture and distribution of ophthalmic lenses, eyewear and related optical products. Its business serves consumers, eye-care professionals, optical retailers and other distribution partners through operations spanning the lens, frames, sunglasses and retail segments.

The company’s lens portfolio includes products such as Varilux progressive lenses, Crizal lens coatings, Eyezen lenses and Transitions light-adaptive lenses. Its eyewear brands include Ray-Ban, Oakley, Persol, Oliver Peoples, Costa and Vogue Eyewear.