EssilorLuxottica (OTCMKTS:ESLOY) Hits New 12-Month Low – Here’s Why

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) shares reached a new 52-week low on Monday . The company traded as low as $96.3805 and last traded at $97.01, with a volume of 14010 shares. The stock had previously closed at $101.92.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of EssilorLuxottica in a research report on Tuesday, May 12th. They set a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

EssilorLuxottica Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $105.35 and a two-hundred day moving average of $130.06.

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.