EssilorLuxottica (OTCMKTS:ESLOY) Sets New 52-Week Low – Here’s What Happened

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $83.8160 and last traded at $83.83, with a volume of 38135 shares changing hands. The stock had previously closed at $85.55.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ESLOY. The Goldman Sachs Group lowered EssilorLuxottica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Zacks Research raised EssilorLuxottica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

EssilorLuxottica Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.70. The stock’s 50-day moving average is $93.90 and its two-hundred day moving average is $103.89.

EssilorLuxottica Company Profile

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.