EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Down - What's Next?

Key Points

• EssilorLuxottica's share price gapped down, opening at $161.25 after a previous close of $165.88, with the stock currently trading at $160.71.
• Analysts have shown mixed sentiments, with one upgrade to a "hold" rating from Zacks Research, while Barclays issued an "overweight" rating, resulting in an overall average rating of "hold."
• The company has significant moving averages, with a 50-day average of $155.05 and a 200-day average of $146.26, indicating some potential upward momentum.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $165.88, but opened at $161.25. EssilorLuxottica shares last traded at $160.71, with a volume of 6,451 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ESLOY. Zacks Research upgraded EssilorLuxottica from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Barclays started coverage on shares of EssilorLuxottica in a report on Tuesday, September 9th. They issued an "overweight" rating on the stock. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

EssilorLuxottica Trading Down 2.1%

The company has a 50-day moving average of $155.05 and a 200-day moving average of $146.26.

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.

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