EssilorLuxottica (OTCMKTS:ESLOY) Hits New 1-Year Low – Here’s Why

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $93.3950 and last traded at $94.14, with a volume of 21186 shares trading hands. The stock had previously closed at $95.68.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EssilorLuxottica in a research note on Tuesday, May 12th. They issued a “hold” rating on the stock. Zacks Research cut shares of EssilorLuxottica from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

EssilorLuxottica Price Performance

The company has a fifty day moving average of $103.91 and a two-hundred day moving average of $128.34. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

EssilorLuxottica Company Profile

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.