Industria de Diseno Textil (OTCMKTS:IDEXY) Sees Large Volume Increase - Should You Buy?

Key Points

• Shares of Industria de Diseno Textil (IDEXY) experienced an unusually large volume spike, rising about 129% to 1,640,913 shares traded, with the stock trading near $14.72 versus a prior close of $14.42.
• Analyst sentiment is bullish with an average rating of Strong Buy (four Strong Buy, one Buy, one Hold) and recent upgrades from Royal Bank of Canada and Citigroup, though Zacks recently downgraded the stock.
• The latest quarter missed expectations (EPS $0.15 vs. $0.29 expected; revenue $13.62B vs. $13.65B expected), but the company still shows strong profitability metrics (ROE 35.01%, net margin 15.61%) and a market cap of $180.64 billion.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 1,640,913 shares were traded during mid-day trading, an increase of 129% from the previous session's volume of 717,408 shares.The stock last traded at $14.72 and had previously closed at $14.42.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IDEXY. Royal Bank Of Canada raised Industria de Diseno Textil from a "hold" rating to a "moderate buy" rating in a research note on Monday, November 24th. Citigroup raised Industria de Diseno Textil to a "strong-buy" rating in a research note on Monday, March 16th. Finally, Zacks Research lowered Industria de Diseno Textil from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 9th. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Industria de Diseno Textil presently has an average rating of "Strong Buy".

Industria de Diseno Textil Trading Up 0.5%

The business has a 50-day moving average of $16.11 and a 200 day moving average of $15.09. The firm has a market capitalization of $180.64 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.90 and a beta of 0.92.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.14). Industria de Diseno Textil had a return on equity of 35.01% and a net margin of 15.61%.The firm had revenue of $13.62 billion for the quarter, compared to analysts' expectations of $13.65 billion. On average, sell-side analysts expect that Industria de Diseno Textil SA will post 0.99 EPS for the current fiscal year.

Industria de Diseno Textil Company Profile

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world's largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.

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