Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY – Get Rating) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 50,300 shares, an increase of 993.5% from the March 31st total of 4,600 shares. Based on an average daily volume of 4,105,100 shares, the days-to-cover ratio is currently 0.0 days.
Shares of IDEXY stock remained flat at $$11.00 on Wednesday. 531,752 shares of the stock traded hands, compared to its average volume of 788,578. The company’s 50-day moving average is $11.78 and its 200 day moving average is $14.87. The company has a market cap of $68.57 billion, a PE ratio of 18.03 and a beta of 1.16. Industria de Diseño Textil has a 52 week low of $10.49 and a 52 week high of $20.20.
Industria de Diseño Textil (OTCMKTS:IDEXY – Get Rating) last posted its quarterly earnings results on Wednesday, March 16th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.07). The company had revenue of $9.60 billion for the quarter, compared to the consensus estimate of $9.33 billion. Industria de Diseño Textil had a net margin of 11.71% and a return on equity of 22.30%. As a group, sell-side analysts predict that Industria de Diseño Textil will post 0.67 earnings per share for the current year.
A number of research firms have recently commented on IDEXY. Zacks Investment Research lowered shares of Industria de Diseño Textil from a “hold” rating to a “sell” rating in a research note on Tuesday, March 1st. JPMorgan Chase & Co. lowered their price objective on shares of Industria de Diseño Textil from €34.00 ($36.56) to €31.00 ($33.33) and set an “overweight” rating on the stock in a report on Thursday, March 17th. The Goldman Sachs Group upgraded shares of Industria de Diseño Textil from a “neutral” rating to a “buy” rating in a report on Tuesday, January 18th. Barclays lowered their price objective on shares of Industria de Diseño Textil from €31.50 ($33.87) to €27.00 ($29.03) and set an “equal weight” rating on the stock in a report on Thursday, March 17th. Finally, Morgan Stanley lowered their price objective on shares of Industria de Diseño Textil from €29.00 ($31.18) to €24.50 ($26.34) in a report on Friday, March 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.25.
About Industria de Diseño Textil (Get Rating)
Industria de DiseÃ±o Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household textile products through various commercial concepts. Its retail concepts include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and UterqÃ¼e.
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