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

by · The Cerbat Gem

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $15.30, but opened at $14.70. Industria de Diseno Textil shares last traded at $14.7399, with a volume of 12,947 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IDEXY. Zacks Research cut shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

View Our Latest Report on IDEXY

Industria de Diseno Textil Stock Performance

The firm has a market capitalization of $177.52 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.94. The firm’s 50-day moving average is $15.03 and its 200 day moving average is $15.45.

Industria de Diseno Textil (OTCMKTS:IDEXY – Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). The business had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.65 billion. Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 33.77%. As a group, equities analysts anticipate that Industria de Diseno Textil SA will post 0.63 earnings per share for the current year.

Industria de Diseno Textil Company Profile

(Get Free Report)

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.

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