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EssilorLuxottica (OTCMKTS:ESLOY) Sees Strong Trading Volume - What's Next?

EssilorLuxottica logo with Medical background

Key Points

  • EssilorLuxottica (OTCMKTS:ESLOY) experienced a significant increase in trading volume, jumping by 221% to 134,416 shares traded on Friday, with the stock price rising to $166.19.
  • Zacks Research upgraded the company from a "strong sell" to a "hold" rating, while Barclays initiated coverage with an "overweight" rating, resulting in a consensus rating of "hold" for the stock.
  • EssilorLuxottica specializes in the design and distribution of ophthalmic lenses, frames, and sunglasses across multiple global regions, including Europe, Asia-Pacific, and North America.
  • Five stocks we like better than EssilorLuxottica.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) shares saw an uptick in trading volume on Friday . 134,416 shares traded hands during trading, an increase of 221% from the previous session's volume of 41,828 shares.The stock last traded at $166.19 and had previously closed at $164.51.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on EssilorLuxottica

EssilorLuxottica Price Performance

The stock has a 50 day moving average of $154.67 and a 200 day moving average of $146.09.

About EssilorLuxottica

(Get Free Report)

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.

Further Reading

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