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

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) reached a new 52-week low on Tuesday . The company traded as low as $83.8160 and last traded at $83.83, with a volume of 38135 shares changing hands. The stock had previously closed at $85.55.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group lowered EssilorLuxottica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Zacks Research raised EssilorLuxottica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EssilorLuxottica has a consensus rating of “Moderate Buy”.

EssilorLuxottica Trading Down 0.6%

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 50-day simple moving average is $93.29 and its 200 day simple moving average is $103.08.

About EssilorLuxottica

EssilorLuxottica is a global company focused on the design, manufacture and distribution of ophthalmic lenses, eyewear and related optical products. Its business serves consumers, eye-care professionals, optical retailers and other distribution partners through operations spanning the lens, frames, sunglasses and retail segments.

The company’s lens portfolio includes products such as Varilux progressive lenses, Crizal lens coatings, Eyezen lenses and Transitions light-adaptive lenses. Its eyewear brands include Ray-Ban, Oakley, Persol, Oliver Peoples, Costa and Vogue Eyewear.