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

Key Points

• EssilorLuxottica shares experienced a significant increase in trading volume, with approximately 121,670 shares traded—a rise of 183% from the previous session.
• Barclays initiated coverage on the stock with an "overweight" rating, while Zacks Research upgraded it from "strong sell" to "hold," reflecting an average rating of "Hold" from analysts.
• The stock's current price is $183.47, surpassing its previous close of $183.12, indicating a positive short-term movement.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 121,670 shares changed hands during trading, an increase of 183% from the previous session's volume of 43,034 shares.The stock last traded at $183.47 and had previously closed at $183.12.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays began coverage on EssilorLuxottica in a report on Tuesday, September 9th. They issued an "overweight" rating on the stock. Zacks Research raised shares of 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold".

EssilorLuxottica Stock Performance

The stock's fifty day simple moving average is $158.19 and its 200-day simple moving average is $147.61. The company has a quick ratio of 0.67, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

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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