EssilorLuxottica (OTCMKTS:ESLOY) Hits New 12-Month High - Time to Buy?

Key Points

• EssilorLuxottica's share price reached a new 52-week high of $162.49, with the stock last trading at $161.89.
• Analysts have upgraded the stock's rating from "strong sell" to "hold," while Barclays gave it an "overweight" rating, contributing to an average rating of "Hold" from research firms.
• The company has a relatively low debt-to-equity ratio of 0.17, indicating a stable financial structure.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $162.49 and last traded at $161.89, with a volume of 13959 shares trading hands. The stock had previously closed at $161.38.

Analysts Set New Price Targets

A number of research firms have issued reports on ESLOY. Zacks Research upgraded EssilorLuxottica from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Barclays began coverage on EssilorLuxottica in a research report on Tuesday, September 9th. They issued an "overweight" rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, EssilorLuxottica presently has an average rating of "Hold".

EssilorLuxottica Trading Up 0.6%

The stock has a 50 day moving average price of $151.42 and a 200 day moving average price of $145.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.65 and a current ratio of 0.95.

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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