EssilorLuxottica (OTCMKTS:ESLOY) Hits New 52-Week High - Here's What Happened

Key Points

• EssilorLuxottica shares reached a new 52-week high of $184.50 during trading, indicating strong market performance with a last recorded price of $184.16.
• Research firms have upgraded EssilorLuxottica's rating, with Zacks Research moving from a "strong sell" to a "hold," while Barclays set an "overweight" rating.
• The company operates in various markets, designing and distributing a wide range of eyewear products under well-known brands including Ray-Ban and Oakley.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $184.50 and last traded at $184.16, with a volume of 149269 shares trading hands. The stock had previously closed at $183.67.

Wall Street Analysts Forecast Growth

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

EssilorLuxottica Price Performance

The stock has a 50 day simple moving average of $159.65 and a 200-day simple moving average of $148.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.97.

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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