Industria de Diseno Textil (OTCMKTS:IDEXY) Shares Up 0.3% - Here's Why

Key Points

• Industria de Diseno Textil SA traded up 0.3% to $11.93, with a trading volume of 462,019 shares, down 12% from its average session volume.
• BNP Paribas upgraded the company to a "strong-buy" rating, signaling positive sentiment from analysts.
• The firm reported a revenue of $9.45 billion during its last quarter, exceeding the consensus estimate, despite earnings per share falling short of expectations.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) rose 0.3% during mid-day trading on Monday . The company traded as high as $11.95 and last traded at $11.93. Approximately 462,019 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 522,480 shares. The stock had previously closed at $11.90.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BNP Paribas upgraded Industria de Diseno Textil to a "strong-buy" rating in a research report on Tuesday, April 22nd. Berenberg Bank upgraded Industria de Diseno Textil to a "strong-buy" rating in a report on Friday, August 1st.

Industria de Diseno Textil Trading Up 1.4%

The company has a market capitalization of $155.71 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 3.02 and a beta of 1.13. The stock's fifty day simple moving average is $17.61 and its 200-day simple moving average is $23.40.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Industria de Diseno Textil had a net margin of 15.19% and a return on equity of 32.39%. The company had revenue of $9.45 billion for the quarter, compared to analysts' expectations of $8.53 billion. On average, analysts anticipate that Industria de Diseno Textil SA will post 0.99 EPS for the current fiscal year.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.