EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Down – Time to Sell?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $98.9670, but opened at $94.81. EssilorLuxottica shares last traded at $94.86, with a volume of 3,601 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on EssilorLuxottica in a research report on Tuesday, May 12th. They issued a “hold” rating for the company. The Goldman Sachs Group cut EssilorLuxottica from a “buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Zacks Research cut EssilorLuxottica from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

EssilorLuxottica Stock Down 4.2%

The stock has a 50 day moving average price of $98.05 and a two-hundred day moving average price of $113.87. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

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.