EssilorLuxottica (OTCMKTS:ESLOY) Sees Strong Trading Volume - Time to Buy?

Key Points

• EssilorLuxottica experienced a significant increase in trading volume, with approximately 75,136 shares traded, marking an 82% rise from the previous session.
• Equities analysts have reacted to the stock, with Barclays starting coverage with an "overweight" rating and Zacks upgrading it from "strong sell" to "hold," resulting in an average rating of "Hold" from analysts.
• The company has a current ratio of 0.95 and a debt-to-equity ratio of 0.17, indicating reasonable liquidity and low leverage relative to equity.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 75,136 shares were traded during trading, an increase of 82% from the previous session's volume of 41,233 shares.The stock last traded at $154.68 and had previously closed at $156.30.

Wall Street Analyst Weigh In

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

EssilorLuxottica Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $150.19 and a 200-day moving average of $144.82.

About EssilorLuxottica

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.