EssilorLuxottica (OTCMKTS:ESLOY) Hits New 52-Week High – Time to Buy?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $184.50 and last traded at $184.16, with a volume of 149269 shares changing hands. The stock had previously closed at $183.67.

Analyst Ratings Changes

A number of research analysts recently commented on ESLOY shares. Barclays started coverage on shares of EssilorLuxottica in a research note on Tuesday, September 9th. They set an “overweight” rating on the stock. Zacks Research upgraded shares of EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

EssilorLuxottica Stock Performance

The company has a quick ratio of 0.67, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $160.76 and its 200-day moving average price is $148.82.

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.