Luxottica Group (OTCMKTS:LUXTY) Shares Up 0.4% – Here’s Why

Luxottica Group SpA (OTCMKTS:LUXTY)’s stock price traded up 0.4% during mid-day trading on Friday . The company traded as high as $55.90 and last traded at $55.80. 2,900 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 14,259 shares. The stock had previously closed at $55.60.

Luxottica Group Price Performance

The firm has a market cap of $27.07 billion, a PE ratio of 24.37 and a beta of 0.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.18 and a quick ratio of 0.88. The business’s fifty day moving average is $55.80 and its 200-day moving average is $55.80.

About Luxottica Group

Luxottica Group is an Italian eyewear company known for its vertically integrated business model spanning design, manufacturing, distribution and retail. Founded in 1961 by Leonardo Del Vecchio and historically headquartered in Italy, the company built a global footprint as an integrated supplier of prescription frames, sunglasses and optical lenses. Luxottica’s operations have included in-house lens and frame production, wholesale distribution to eye-care professionals and direct-to-consumer retail through company-owned stores and e-commerce platforms.

The company’s brand portfolio has encompassed both proprietary and acquired eyewear labels, with well-known names such as Ray-Ban, Oakley, Persol, Oliver Peoples and Vogue Eyewear among its holdings.