EssilorLuxottica (OTCMKTS:ESLOY) Sees Strong Trading Volume – Should You Buy?

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) shares saw strong trading volume on Friday . 134,416 shares changed hands during mid-day trading, an increase of 221% from the previous session’s volume of 41,828 shares.The stock last traded at $166.19 and had previously closed at $164.51.

Analyst Ratings Changes

ESLOY has been the subject of several recent analyst reports. Barclays assumed coverage on shares of EssilorLuxottica in a research report on Tuesday, September 9th. They set an “overweight” rating for the company. Zacks Research raised 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

EssilorLuxottica Stock Performance

The company’s 50-day simple moving average is $155.05 and its 200-day simple moving average is $146.25.

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.