Hermes International (OTCMKTS:HESAY) Sets New 52-Week Low – Here’s What Happened

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $159.99 and last traded at $160.21, with a volume of 3228 shares. The stock had previously closed at $163.75.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HESAY. Royal Bank Of Canada cut shares of Hermes International from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 18th. Zacks Research upgraded Hermes International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. Finally, HSBC cut Hermes International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Hermes International has a consensus rating of “Moderate Buy”.

Hermes International Stock Performance

The company has a quick ratio of 4.19, a current ratio of 4.99 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average price of $181.62 and a two-hundred day moving average price of $191.66.

About Hermes International

Hermès International is a French luxury-goods company known for its craftsmanship, heritage and distinctive design. Founded in Paris in 1837 by Thierry Hermès as a harness workshop, the company initially served the carriage trade before expanding into a broader range of luxury products.

Hermès designs and manufactures leather goods and saddlery, silk and other textiles, ready-to-wear clothing, shoes, fashion accessories, perfumes, beauty products, watches, jewelry and home furnishings.