Hsbc Global Res Downgrades Hermes International (OTCMKTS:HESAY) to Hold

Key Points

• Hermes International was downgraded by Hsbc Global Res from a "strong-buy" to a "hold" rating, reflecting a more cautious outlook on the stock.
• Additionally, DZ Bank raised their rating from "strong sell" to "hold," while Royal Bank Of Canada upgraded to "moderate buy," indicating varied analyst opinions.
• The current stock price is around $238.40, with a 12-month high of $303.00 and a low of $206.66.

Hermes International (OTCMKTS:HESAY - Get Free Report) was downgraded by Hsbc Global Res from a "strong-buy" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also issued reports on HESAY. DZ Bank upgraded shares of Hermes International from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 5th. Royal Bank Of Canada raised shares of Hermes International to a "moderate buy" rating in a report on Monday, May 12th. Finally, UBS Group lowered shares of Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hermes International presently has an average rating of "Hold".

Hermes International Trading Up 0.3%

Shares of OTCMKTS HESAY traded up $0.77 during midday trading on Tuesday, hitting $239.86. 78,411 shares of the stock traded hands, compared to its average volume of 48,426. The firm has a 50-day moving average of $258.60 and a two-hundred day moving average of $266.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.26 and a quick ratio of 3.49. Hermes International has a one year low of $206.66 and a one year high of $303.00.

Hermes International Company Profile

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.