Shares of Luxottica Group SpA (NYSE:LUX) gapped down before the market opened on Tuesday . The stock had previously closed at $48.65, but opened at $49.06. Luxottica Group SpA shares last traded at $49.54, with a volume of 20,814 shares traded.

Several analysts recently issued reports on the company. Raymond James Financial Inc. upgraded Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 4th. Zacks Investment Research upgraded Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Credit Suisse Group AG assumed coverage on Luxottica Group SpA in a report on Wednesday, June 15th. They set an “outperform” rating on the stock. Royal Bank Of Canada lowered Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Finally, RBC Capital Markets lowered Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.

The company has a 50-day moving average price of $48.47 and a 200-day moving average price of $52.95. The firm has a market cap of $23.62 billion and a price-to-earnings ratio of 27.40.

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.

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