Industria de Diseno Textil (OTCMKTS:IDEXY) Hits New 1-Year High – Should You Buy?

Industria de Diseno Textil SA (OTCMKTS:IDEXY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $16.55 and last traded at $16.54, with a volume of 14273 shares changing hands. The stock had previously closed at $16.29.

Analyst Ratings Changes

A number of brokerages have commented on IDEXY. 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 shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, Industria de Diseno Textil has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Stock Performance

The firm’s 50 day moving average price is $14.62 and its 200-day moving average price is $14.63. The company has a market cap of $205.95 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.17 earnings per share 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 during the quarter, compared to analyst estimates of $11.27 billion. Analysts predict that Industria de Diseno Textil SA will post 0.99 earnings per share 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.