Industria de Diseno Textil (OTCMKTS:IDEXY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Unusually high trading volume: 2,239,411 shares traded on Friday (a 201% increase from the prior session), with the stock last at $15.06, down about 1.6% from the previous close.
• Quarterly results missed expectations: Inditex reported EPS of $0.15 versus the consensus $0.29 and revenue of $13.62B versus $13.65B expected, though ROE was 33.77% and net margin 15.61%.
• Analyst sentiment remains positive: Three analysts rate the stock "Strong Buy," one "Buy" and one "Hold," for an overall average rating of "Buy."

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) saw strong trading volume on Friday . 2,239,411 shares changed hands during trading, an increase of 201% from the previous session's volume of 743,315 shares.The stock last traded at $15.06 and had previously closed at $15.30.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research cut Industria de Diseno Textil from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. Citigroup raised Industria de Diseno Textil to a "strong-buy" rating in a research report on Monday, March 16th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy".

Industria de Diseno Textil Trading Down 1.6%

The firm has a 50-day moving average of $15.16 and a 200 day moving average of $15.44. The stock has a market capitalization of $187.75 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 3.38 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.65 billion. Industria de Diseno Textil had a return on equity of 33.77% and a net margin of 15.61%. As a group, research analysts forecast that Industria de Diseno Textil SA will post 0.63 EPS for the current 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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