EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Up – Time to Buy?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $93.88, but opened at $99.75. EssilorLuxottica shares last traded at $99.88, with a volume of 2,796 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ESLOY. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EssilorLuxottica in a research report on Tuesday, May 12th. They set a “hold” rating for the company. Zacks Research cut EssilorLuxottica from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, EssilorLuxottica has an average rating of “Moderate Buy”.

EssilorLuxottica Stock Performance

The business’s 50 day moving average price is $102.22 and its 200-day moving average price is $126.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.99.

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.