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Hermes International (OTCMKTS:HESAY) Trading 1.1% Higher - Here's What Happened

Hermes International logo with Consumer Staples background

Key Points

  • Hermes International stock increased by 1.1%, trading at $242.69 with a significant rise in trading volume, reaching approximately 62,623 shares.
  • UBS Group has downgraded the stock from a "strong-buy" to a "hold" rating, while Royal Bank of Canada upgraded it to a "moderate buy" rating.
  • The company showcases strong liquidity with a current ratio of 4.26 and a debt-to-equity ratio of 0.11, indicating solid financial health.
  • Interested in Hermes International? Here are five stocks we like better.

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) rose 1.1% during mid-day trading on Monday . The stock traded as high as $243.60 and last traded at $242.69. Approximately 62,623 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 44,579 shares. The stock had previously closed at $240.11.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group downgraded shares of Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday. Royal Bank Of Canada raised Hermes International to a "moderate buy" rating in a research note on Monday, May 12th.

Get Our Latest Research Report on HESAY

Hermes International Stock Up 1.1%

The company has a current ratio of 4.26, a quick ratio of 3.49 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $270.27 and a 200 day moving average price of $272.80.

About Hermes International

(Get Free Report)

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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