EssilorLuxottica (OTCMKTS:ESLOY) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $176.17, but opened at $168.96. EssilorLuxottica shares last traded at $166.97, with a volume of 5,627 shares trading hands.

Analyst Ratings Changes

ESLOY has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of EssilorLuxottica in a report on Tuesday, October 28th. Barclays initiated coverage on shares of EssilorLuxottica in a research report on Tuesday, September 9th. They issued an “overweight” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of EssilorLuxottica in a research note on Friday. UBS Group upgraded shares of EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 27th. Finally, Zacks Research downgraded shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Read Our Latest Report on ESLOY

EssilorLuxottica Stock Down 5.7%

The firm has a fifty day moving average of $176.31 and a two-hundred day moving average of $157.79. The company has a quick ratio of 0.67, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

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.

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