Luxottica Group (OTCMKTS:LUXTY) Shares Climb 0.4% – Still a Buy?

Luxottica Group SpA (OTCMKTS:LUXTY)’s share price shot up 0.4% on Thursday. The company traded as high as $55.90 and last traded at $55.80. 2,900 shares traded 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 company has a market capitalization of $27.07 billion, a PE ratio of 24.37 and a beta of 0.27. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The stock has a fifty day simple moving average of $55.80 and a 200-day simple moving average of $55.80.

About Luxottica Group

Luxottica Group S.p.A. was an Italian eyewear company and a major designer, manufacturer and distributor of prescription frames and sunglasses. Founded in 1961 by Leonardo Del Vecchio, the company developed an integrated business model spanning product design, manufacturing, wholesale distribution and optical retail.

Luxottica’s brand portfolio has included Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, Arnette and Alain Mikli. Its retail operations have included LensCrafters, Sunglass Hut, Pearle Vision, Target Optical and OPSM, giving the company a broad presence across prescription eyewear, sunglasses and optical services.

In 2018, Luxottica merged with French lens manufacturer Essilor to form EssilorLuxottica, a global company serving customers through operations and retail networks across North America, Europe, Asia-Pacific and other international markets.