EssilorLuxottica (OTCMKTS:ESLOY) Sets New 52-Week Low – Should You Sell?

Shares of EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $91.11 and last traded at $91.2075, with a volume of 22743 shares changing hands. The stock had previously closed at $93.03.

Analyst Ratings Changes

ESLOY has been the subject of a number of recent analyst reports. Zacks Research upgraded EssilorLuxottica from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft initiated coverage on EssilorLuxottica in a research note on Tuesday, May 12th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group lowered EssilorLuxottica from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

EssilorLuxottica Stock Performance

The stock’s 50-day moving average is $96.17 and its 200-day moving average is $109.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.99.

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.