EssilorLuxottica (OTCMKTS:ESLOY) Hits New 12-Month Low – Here’s What Happened

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $96.3805 and last traded at $97.01, with a volume of 14010 shares changing hands. The stock had previously closed at $101.92.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They set a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

EssilorLuxottica Stock Performance

The business has a 50-day moving average price of $106.15 and a 200-day moving average price of $131.24. The company has a current ratio of 0.99, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17.

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.