EssilorLuxottica (OTCMKTS:ESLOY) Hits New 1-Year High - Here's Why

Key Points

• EssilorLuxottica's stock hit a new 52-week high, trading at $162.61 during mid-day on Tuesday, with 1,167 shares changing hands.
• Analysts are optimistic, with Barclays issuing an "overweight" rating and Zacks upgrading the stock from "strong sell" to hold.
• The company's average rating stands at "Hold", reflecting cautious optimism among analysts.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $162.61 and last traded at $162.61, with a volume of 1167 shares changing hands. The stock had previously closed at $161.41.

Analyst Upgrades and Downgrades

A number of analysts have commented on ESLOY shares. Barclays started coverage on EssilorLuxottica in a research report on Tuesday, September 9th. They issued an "overweight" rating for the company. Zacks Research upgraded shares of EssilorLuxottica from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, EssilorLuxottica currently has an average rating of "Hold".

EssilorLuxottica Price Performance

The business has a 50 day moving average price of $153.57 and a two-hundred day moving average price of $145.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.95 and a quick ratio of 0.65.

EssilorLuxottica Company Profile

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and North America. It operates through Professional Solutions and Direct to Consumer segments. The company offers lens under the Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir, eyexpert, iWear, Humanware, and Optifog brands.

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