EssilorLuxottica (OTCMKTS:ESLOY) Reaches New 1-Year Low – What’s Next?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) hit a new 52-week low during trading on Monday . The stock traded as low as $100.17 and last traded at $100.17, with a volume of 795 shares trading hands. The stock had previously closed at $106.04.

Analysts Set New Price Targets

Several brokerages recently commented on ESLOY. HSBC raised EssilorLuxottica from a “hold” rating to a “buy” rating in a research report on Wednesday, January 14th. Kepler Capital Markets raised EssilorLuxottica from a “hold” rating to a “buy” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, EssilorLuxottica presently has an average rating of “Buy”.

EssilorLuxottica Stock Down 4.8%

The stock has a 50-day moving average price of $116.90 and a 200-day moving average price of $148.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.70.

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.