EssilorLuxottica (OTCMKTS:ESLOY) Sets New 1-Year High - Here's What Happened

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) hit a new 52-week high on Monday . The company traded as high as $162.49 and last traded at $161.89, with a volume of 13959 shares traded. The stock had previously closed at $161.38.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays assumed coverage on EssilorLuxottica in a research note on Tuesday, September 9th. They set an "overweight" rating for the company. Zacks Research upgraded 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, EssilorLuxottica currently has a consensus rating of "Hold".

EssilorLuxottica Price Performance

The business has a 50 day simple moving average of $151.82 and a 200 day simple moving average of $145.22. The company has a quick ratio of 0.65, a current ratio of 0.95 and a debt-to-equity ratio of 0.17.

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.