Luxottica Group (OTCMKTS:LUXTY) Stock Jumps 0.4% – Here’s What Happened

Luxottica Group SpA (OTCMKTS:LUXTY) traded up 0.4% during trading on Thursday. The stock traded as high as $55.90 and last traded at $55.80. Approximately 2,900 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 14,259 shares. The stock had previously closed at $55.60.

Luxottica Group Stock Up 0.4%

The firm has a 50-day moving average of $55.80 and a 200 day moving average of $55.80. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 24.37 and a beta of 0.27.

Luxottica Group Company Profile

Luxottica Group S.p.A. was an Italian eyewear company and a major designer, manufacturer and distributor of prescription frames and sunglasses. Founded in 1961 by Leonardo Del Vecchio, the company developed an integrated business model spanning product design, manufacturing, wholesale distribution and optical retail.

Luxottica’s brand portfolio has included Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, Arnette and Alain Mikli. Its retail operations have included LensCrafters, Sunglass Hut, Pearle Vision, Target Optical and OPSM, giving the company a broad presence across prescription eyewear, sunglasses and optical services.

In 2018, Luxottica merged with French lens manufacturer Essilor to form EssilorLuxottica, a global company serving customers through operations and retail networks across North America, Europe, Asia-Pacific and other international markets.