EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Up - Here's Why

Key Points

• EssilorLuxottica shares saw a significant gap up, opening at $183.07 after previously closing at $177.13.
• Analyst ratings have improved, with Zacks Research upgrading the stock from a "strong sell" to a "hold" rating, while Barclays initiated coverage with an "overweight" rating.
• The company has a debt-to-equity ratio of 0.18, indicating a relatively low level of debt compared to its equity, which may appeal to investors.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $177.13, but opened at $183.07. EssilorLuxottica shares last traded at $182.93, with a volume of 11,259 shares.

Analyst Ratings Changes

ESLOY has been the subject of several recent research reports. Zacks Research raised shares of EssilorLuxottica from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 10th. Barclays initiated coverage on shares of EssilorLuxottica in a research report on Tuesday, September 9th. They issued an "overweight" rating for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

EssilorLuxottica Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.97. The company has a 50 day moving average price of $157.48 and a 200 day moving average price of $147.25.

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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