EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Down – Should You Sell?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $166.33, but opened at $160.42. EssilorLuxottica shares last traded at $160.75, with a volume of 3,312 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on ESLOY shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of EssilorLuxottica in a report on Friday, December 5th. Barclays began coverage on EssilorLuxottica in a report on Tuesday, September 9th. They set an “overweight” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of EssilorLuxottica in a research note on Tuesday, October 28th. Zacks Research downgraded shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Citigroup reissued a “buy” rating on shares of EssilorLuxottica in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, EssilorLuxottica has a consensus rating of “Buy”.

EssilorLuxottica Stock Up 0.2%

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.67. The stock’s fifty day moving average is $176.72 and its 200-day moving average is $158.89.

About EssilorLuxottica

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.