EssilorLuxottica (OTCMKTS:ESLOY) Hits New 52-Week Low – Should You Sell?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) shares reached a new 52-week low on Thursday . The company traded as low as $91.44 and last traded at $91.85, with a volume of 38013 shares. The stock had previously closed at $93.88.

Analyst Ratings Changes

ESLOY has been the topic of several research analyst reports. The Goldman Sachs Group cut EssilorLuxottica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft assumed coverage on EssilorLuxottica in a report on Tuesday, May 12th. They issued a “hold” rating for the company. Finally, Zacks Research lowered EssilorLuxottica from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

EssilorLuxottica Stock Down 2.0%

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 stock’s fifty day moving average is $99.32 and its two-hundred day moving average is $120.06.

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.