EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Down – Should You Sell?

Shares of EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) gapped down prior to trading on Tuesday . The stock had previously closed at $176.17, but opened at $168.96. EssilorLuxottica shares last traded at $166.97, with a volume of 5,627 shares trading hands.

Wall Street Analysts Forecast Growth

ESLOY has been the subject of a number of recent research reports. Zacks Research downgraded shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of EssilorLuxottica in a report on Tuesday, October 28th. Barclays assumed coverage on shares of EssilorLuxottica in a research report on Tuesday, September 9th. They set an “overweight” rating on the stock. UBS Group raised shares of EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of EssilorLuxottica in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

EssilorLuxottica Stock Performance

The company’s 50-day moving average price is $176.51 and its two-hundred day moving average price is $158.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.67.

About EssilorLuxottica

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and North America. It operates through Professional Solutions and Direct to Consumer segments. The company offers lens under the Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir, eyexpert, iWear, Humanware, and Optifog brands.