Hermes International (OTCMKTS:HESAY) Cut to "Hold" at UBS Group

Key Points

• Hermes International has been downgraded by UBS Group from a "strong-buy" rating to a "hold" rating, marking a significant shift in investment sentiment.
• In contrast, Royal Bank Of Canada has rated Hermes International as a "moderate buy," showcasing differing outlooks from different financial institutions.
• The company's stock is currently trading at $240.11, down from its 12-month high of $303.00, indicating recent performance challenges.

UBS Group cut shares of Hermes International (OTCMKTS:HESAY - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Royal Bank Of Canada upgraded Hermes International to a "moderate buy" rating in a research report on Monday, May 12th.

Hermes International Stock Performance

Shares of OTCMKTS:HESAY traded up $3.80 during midday trading on Thursday, hitting $246.30. The stock had a trading volume of 26,336 shares, compared to its average volume of 48,574. The company's 50-day moving average price is $269.71 and its 200-day moving average price is $272.59. 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 fifty-two week low of $206.66 and a fifty-two week high of $303.00.

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.