Industria de Diseno Textil (OTCMKTS:IDEXY) Hits New 52-Week High – Here’s Why

Industria de Diseno Textil SA (OTCMKTS:IDEXY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $17.26 and last traded at $16.5350, with a volume of 24521 shares trading hands. The stock had previously closed at $16.63.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IDEXY shares. UBS Group upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Royal Bank Of Canada raised shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 24th. Four research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, Industria de Diseno Textil currently has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Stock Performance

The firm’s 50-day moving average is $14.96 and its 200 day moving average is $14.29. The stock has a market cap of $206.57 billion, a PE ratio of 30.40, a P/E/G ratio of 2.12 and a beta of 0.96.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $11.27 billion. On average, sell-side analysts predict 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.