Hermes International (OTCMKTS:HESAY) Downgraded to “Hold” Rating by HSBC

Hermes International (OTCMKTS:HESAY) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other research analysts also recently commented on HESAY. Kepler Capital Markets upgraded shares of Hermes International from a “hold” rating to a “buy” rating in a research report on Tuesday, March 10th. Zacks Research downgraded Hermes International from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Hermes International Stock Down 8.5%

Shares of OTCMKTS:HESAY opened at $185.20 on Tuesday. The firm has a 50 day moving average of $192.08 and a 200-day moving average of $219.94. Hermes International has a 12 month low of $181.05 and a 12 month high of $289.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.19 and a current ratio of 4.99.

About Hermes International

Hermès International is a French luxury goods company renowned for its high-end leather goods, scarves, ready-to-wear apparel, watches, jewelry, fragrances and home accessories. Founded in 1837 as a harness and bridle workshop, the firm has evolved into one of the world’s most recognizable luxury maisons, known for artisanal craftsmanship, quality materials and a focus on timeless design. The company is headquartered in Paris and maintains a strong heritage identity that influences its product development and brand positioning.

Key product categories include leather goods and iconic handbags, silk scarves and ties, fashion and accessories, timepieces and fine jewelry, as well as fragrances and selected home collections.