EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Down – Here’s Why

Shares of EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) gapped down before the market opened on Monday . The stock had previously closed at $107.50, but opened at $103.20. EssilorLuxottica shares last traded at $102.83, with a volume of 8,049 shares.

Analysts Set New Price Targets

ESLOY has been the topic of a number of research analyst reports. Kepler Capital Markets upgraded EssilorLuxottica from a “hold” rating to a “buy” rating in a research report on Thursday, January 15th. HSBC upgraded EssilorLuxottica from a “hold” rating to a “buy” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

EssilorLuxottica Price Performance

The stock has a fifty day simple moving average of $117.55 and a 200-day simple moving average of $149.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.70.

About EssilorLuxottica

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.