Industria de Diseno Textil (OTCMKTS:IDEXY) Shares Gap Down – Here’s What Happened

Industria de Diseno Textil SA (OTCMKTS:IDEXY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $16.86, but opened at $15.96. Industria de Diseno Textil shares last traded at $16.6580, with a volume of 22,957 shares.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Industria de Diseno Textil Stock Up 1.6%

The company’s 50 day simple moving average is $15.59 and its two-hundred day simple moving average is $15.71. The company has a market capitalization of $207.84 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 2.77 and a beta of 1.05.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $12.82 billion for the quarter, compared to the consensus estimate of $12.66 billion. Industria de Diseno Textil had a return on equity of 33.83% and a net margin of 15.54%. Analysts anticipate that Industria de Diseno Textil SA will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC purchased a new stake in Industria de Diseno Textil SA (OTCMKTS:IDEXY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 351,596 shares of the company’s stock, valued at approximately $5,539,000.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion group that designs, distributes and sells clothing, footwear, accessories and home products. Its retail brands include Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home.

Founded in Spain, Inditex operates internationally through a network of stores and online channels. Its businesses serve customers across markets in Europe, the Americas, Asia and other regions.