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

Industria de Diseno Textil SA (OTCMKTS:IDEXY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $16.52, but opened at $15.90. Industria de Diseno Textil shares last traded at $16.5350, with a volume of 16,637 shares traded.

Analyst Upgrades and Downgrades

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

Industria de Diseno Textil Price Performance

The stock has a market cap of $205.89 billion, a PE ratio of 30.30, a PEG ratio of 2.15 and a beta of 0.96. The company has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $14.63.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.16). The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.27 billion. Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%. As a group, equities 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.