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.

LUX has been the topic of a number of recent research reports. Zacks Investment Research raised Luxottica Group SpA from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Credit Suisse Group AG initiated coverage on Luxottica Group SpA in a research report on Wednesday, June 15th. They set an “outperform” rating on the stock. Raymond James Financial Inc. raised Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 4th. Royal Bank Of Canada downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 8th. Finally, RBC Capital Markets downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold”.

The firm’s 50 day moving average price is $48.50 and its 200-day moving average price is $52.92. The company has a market cap of $23.49 billion and a P/E ratio of 26.81.

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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