EssilorLuxottica (OTCMKTS:ESLOY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• EssilorLuxottica experienced a significant surge in trading volume, reaching approximately 260,314 shares on Wednesday, a 553% increase from the previous session's volume.
• The company recently declared a dividend of $1.833, yielding 1.26%, which was paid on June 26th to shareholders recorded by May 13th.
• EssilorLuxottica is known for designing and distributing various brands including Ray-Ban, Oakley, and Nikon across multiple global regions.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 260,314 shares were traded during trading, an increase of 553% from the previous session's volume of 39,835 shares.The stock last traded at $148.36 and had previously closed at $151.40.

EssilorLuxottica Stock 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 company's 50-day moving average price is $141.96 and its 200 day moving average price is $142.29.

EssilorLuxottica Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 13th were paid a dividend of $1.833 per share. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 126.0%.

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.