Industria de Diseno Textil (OTCMKTS:IDEXY) Shares Gap Up - Still a Buy?

Key Points

• Shares gapped up — the stock opened at $15.479 (prior close $14.93) and last traded at $15.525 with a volume of 40,439 shares.
• Analyst consensus is "Strong Buy" — four analysts rate it Strong Buy, one Buy and one Hold; Royal Bank of Canada upgraded to "moderate buy" while Zacks downgraded to "hold".
• Large, established fast-fashion company with a premium valuation — Inditex has a market cap of $189.57 billion, a P/E of 27.90, PEG of 1.75, and 50-/200-day moving averages of $16.40 and $14.96.

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $14.93, but opened at $15.4790. Industria de Diseno Textil shares last traded at $15.5250, with a volume of 40,439 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised shares of Industria de Diseno Textil from a "hold" rating to a "moderate buy" rating in a research report on Monday, November 24th. Zacks Research downgraded Industria de Diseno Textil from a "strong-buy" rating to a "hold" rating in a research note on Monday. Four equities research 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. According to data from MarketBeat, the company presently has an average rating of "Strong Buy".

Industria de Diseno Textil Stock Performance

The firm has a market cap of $189.57 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The business's 50 day moving average price is $16.40 and its 200-day moving average price is $14.96.

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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