Hermes International (OTCMKTS:HESAY) Shares Up 1.1% - Time to Buy?

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.

Hermes International SA - Unsponsored ADR (OTCMKTS:HESAY - Get Free Report) was up 1.1% during trading on Monday . The company traded as high as $243.60 and last traded at $242.69. Approximately 62,623 shares changed 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.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HESAY shares. Royal Bank Of Canada raised shares of Hermes International to a "moderate buy" rating in a report on Monday, May 12th. UBS Group cut Hermes International from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, DZ Bank raised shares of Hermes International from a "strong sell" rating to a "hold" rating in a report on Tuesday.

Hermes International Price Performance

The company's fifty day moving average price is $268.76 and its two-hundred day moving average price is $272.34. 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 Company Profile

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.