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

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $93.3950 and last traded at $94.14, with a volume of 21186 shares traded. The stock had previously closed at $95.68.

Analyst Ratings Changes

ESLOY has been the subject of a number of analyst reports. Zacks Research cut EssilorLuxottica from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EssilorLuxottica in a research report on Tuesday, May 12th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, EssilorLuxottica currently has a consensus rating of “Moderate Buy”.

EssilorLuxottica Stock Performance

The company has a 50-day simple moving average of $103.91 and a 200 day simple moving average of $128.34. 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.