Industria de Diseno Textil (OTCMKTS:IDEXY) Sees Strong Trading Volume After Analyst Upgrade

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw an uptick in trading volume on Thursday after Royal Bank Of Canada upgraded the stock from a strong sell rating to a hold rating. 757,929 shares were traded during trading, a decline of 7% from the previous session’s volume of 816,963 shares.The stock last traded at $13.59 and had previously closed at $13.40.

Separately, Berenberg Bank upgraded Industria de Diseno Textil to a “strong-buy” rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Industria de Diseno Textil Stock Performance

The firm has a fifty day simple moving average of $12.51 and a 200 day simple moving average of $20.90. The company has a market capitalization of $171.17 billion, a PE ratio of 26.15, a P/E/G ratio of 2.68 and a beta of 1.14.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings data on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $9.45 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Industria de Diseno Textil had a return on equity of 32.02% and a net margin of 15.15%. Research analysts expect that Industria de Diseno Textil SA will post 0.99 EPS for the current fiscal year.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.