EssilorLuxottica (OTCMKTS:ESLOY) Sees Large Volume Increase – What’s Next?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) saw strong trading volume on Thursday . 187,647 shares changed hands during trading, an increase of 321% from the previous session’s volume of 44,566 shares.The stock last traded at $177.93 and had previously closed at $178.68.

Wall Street Analyst Weigh In

ESLOY has been the subject of several recent analyst reports. Barclays initiated coverage on shares of EssilorLuxottica in a research note on Tuesday, September 9th. They issued an “overweight” rating for the company. Zacks Research downgraded shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of EssilorLuxottica in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

EssilorLuxottica Trading Down 0.6%

The stock has a 50 day moving average price of $171.34 and a 200 day moving average price of $154.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.97.

EssilorLuxottica Company Profile

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and North America. It operates through Professional Solutions and Direct to Consumer segments. The company offers lens under the Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir, eyexpert, iWear, Humanware, and Optifog brands.