Hermes International (OTCMKTS:HESAY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Hermes International experienced a significant increase in trading volume, with about 183,551 shares traded, marking a 271% rise from the previous session.
• Analyst ratings for Hermes International have been mixed, with some firms changing ratings from "strong-buy" to "hold," while one analyst recently upgraded the stock to a "strong-buy."
• The company's stock is currently down 0.4% and has an average rating of "Moderate Buy" from analysts, reflecting varying confidence among investors.

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 183,551 shares traded hands during mid-day trading, an increase of 271% from the previous session's volume of 49,479 shares.The stock last traded at $241.60 and had previously closed at $240.88.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HESAY shares. UBS Group lowered Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. DZ Bank raised Hermes International from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Finally, Hsbc Global Res cut Hermes International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Hermes International currently has an average rating of "Moderate Buy".

Hermes International Stock Down 0.4%

The company has a quick ratio of 3.65, a current ratio of 4.50 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $245.32 and a 200-day moving average price of $261.79.

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.

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