EssilorLuxottica (OTCMKTS:ESLOY) Reaches New 1-Year Low – Here’s Why

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) reached a new 52-week low during trading on Monday . The company traded as low as $100.17 and last traded at $100.17, with a volume of 795 shares. The stock had previously closed at $106.04.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ESLOY shares. Kepler Capital Markets raised EssilorLuxottica from a “hold” rating to a “buy” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft initiated coverage on EssilorLuxottica in a research report on Tuesday. They set a “hold” rating for the company. Finally, HSBC upgraded EssilorLuxottica from a “hold” rating to a “buy” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, EssilorLuxottica has an average rating of “Buy”.

EssilorLuxottica Stock Down 1.1%

The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $114.63 and a 200 day moving average price of $146.97.

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.