EssilorLuxottica (OTCMKTS:ESLOY) Hits New 52-Week Low – Time to Sell?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) shares reached a new 52-week low on Thursday . The stock traded as low as $89.74 and last traded at $90.09, with a volume of 13054 shares traded. The stock had previously closed at $92.12.

Analyst Ratings Changes

ESLOY has been the subject of several research analyst reports. Zacks Research raised shares of EssilorLuxottica from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft began coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group lowered EssilorLuxottica from a “buy” rating to a “hold” rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

EssilorLuxottica Price Performance

The business has a 50 day moving average of $95.59 and a 200-day moving average of $107.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.99.

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.