Industria de Diseno Textil (OTCMKTS:IDEXY) Shares Gap Down – Time to Sell?

Industria de Diseno Textil SA (OTCMKTS:IDEXY) gapped down prior to trading on Wednesday . The stock had previously closed at $16.52, but opened at $15.90. Industria de Diseno Textil shares last traded at $16.5350, with a volume of 16,637 shares changing hands.

Wall Street Analyst Weigh In

IDEXY has been the subject of a number of analyst reports. Royal Bank Of Canada raised Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th. UBS Group raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Industria de Diseno Textil Stock Up 0.2%

The firm has a 50 day moving average of $14.72 and a two-hundred day moving average of $14.66. The firm has a market capitalization of $206.32 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its earnings results on Wednesday, December 3rd. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%.The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.27 billion. Sell-side analysts forecast that Industria de Diseno Textil SA will post 0.99 EPS for the current fiscal year.

Industria de Diseno Textil Company Profile

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.