Hermes International (OTCMKTS:HESAY) Stock Price Down 1% - Time to Sell?

Key Points

• Hermes International's stock price declined by 1% trading at $240.47, with a notable decrease in trading volume.
• Analysts have downgraded the stock to a "hold" rating, with UBS Group, HSBC Global Res, and four analysts recommending caution.
• The stock's 50-day moving average is $250.22, indicating it has fallen below this average, which may signify a weakening trend.

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) shares traded down 1% on Thursday . The company traded as low as $239.18 and last traded at $240.47. 44,843 shares changed hands during trading, a decline of 5% from the average session volume of 47,187 shares. The stock had previously closed at $242.94.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group downgraded shares of Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Hsbc Global Res downgraded shares of Hermes International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, DZ Bank upgraded shares of Hermes International from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Hermes International Price Performance

The stock's 50-day moving average price is $250.22 and its 200-day moving average price is $263.47. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.50 and a quick ratio of 3.49.

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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