Industria de Diseno Textil (OTCMKTS:IDEXY) Sees Unusually-High Trading Volume – Still a Buy?

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw an uptick in trading volume on Friday . 1,866,856 shares traded hands during mid-day trading, an increase of 227% from the previous session’s volume of 570,524 shares.The stock last traded at $16.34 and had previously closed at $16.49.

Analysts Set New Price Targets

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

Industria de Diseno Textil Trading Down 0.5%

The company has a market cap of $204.45 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company’s fifty day moving average is $15.24 and its 200 day moving average is $13.82.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its quarterly earnings results 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 net margin of 15.40% and a return on equity of 32.94%. The business had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $11.27 billion. Analysts anticipate that Industria de Diseno Textil SA will post 0.99 EPS for the current 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.