EssilorLuxottica (OTCMKTS:ESLOY) Hits New 12-Month High - Still a Buy?

Key Points

• EssilorLuxottica shares reached a new 52-week high of $168.95 during mid-day trading, reflecting a significant increase from a previous close of $157.92.
• Analysts have recently upgraded their ratings on EssilorLuxottica, with Zacks Research changing their rating from "strong sell" to "hold" and Barclays assigning an "overweight" rating.
• The company's stock has increased by 11.1% recently, with current movements suggesting a positive outlook in the market.

Shares of EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $168.95 and last traded at $168.95, with a volume of 15790 shares traded. The stock had previously closed at $157.92.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research raised EssilorLuxottica from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 10th. Barclays assumed coverage on EssilorLuxottica in a report on Tuesday, September 9th. They set an "overweight" rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, EssilorLuxottica currently has a consensus rating of "Hold".

EssilorLuxottica Stock Up 11.1%

The business's fifty day simple moving average is $156.92 and its 200 day simple moving average is $147.03. The company has a quick ratio of 0.67, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.