Hermes International (OTCMKTS:HESAY) Upgraded by DZ Bank to "Hold" Rating

Key Points

• Hermès International was upgraded from a "strong sell" to a "hold" rating by DZ Bank in a recent report, indicating a shift in analyst sentiment towards the stock.
• Royal Bank of Canada has raised its rating for Hermès International to "moderate buy," while UBS Group downgraded it from "strong buy" to "hold," reflecting varied outlooks among analysts.
• The current stock price is $242.50, within a 52-week range of $206.66 to $303.00, suggesting potential volatility and investment interest in the luxury goods sector.

Hermes International (OTCMKTS:HESAY - Get Free Report) was upgraded by DZ Bank from a "strong sell" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. UBS Group lowered shares of Hermes International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Royal Bank Of Canada raised shares of Hermes International to a "moderate buy" rating in a research note on Monday, May 12th.

Hermes International Stock Performance

OTCMKTS HESAY traded down $0.39 during trading on Tuesday, reaching $246.65. The company's stock had a trading volume of 24,908 shares, compared to its average volume of 41,349. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.49 and a current ratio of 4.26. Hermes International has a 12 month low of $206.66 and a 12 month high of $303.00. The firm has a 50 day moving average price of $268.19 and a 200 day moving average price of $272.19.

About Hermes International

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.