Industria de Diseno Textil (OTCMKTS:IDEXY) Trading 0.3% Higher - Here's What Happened

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) traded up 0.3% during mid-day trading on Monday . The stock traded as high as $11.95 and last traded at $11.93. 462,019 shares were traded during mid-day trading, a decline of 12% from the average session volume of 522,480 shares. The stock had previously closed at $11.90.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised shares of Industria de Diseno Textil to a "strong-buy" rating in a research note on Tuesday, April 22nd.

Industria de Diseno Textil Price Performance

The stock's 50 day simple moving average is $18.47 and its two-hundred day simple moving average is $23.65. The stock has a market cap of $148.73 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.23 earnings per share 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 during the quarter, compared to the consensus estimate of $8.53 billion. As a group, analysts forecast that Industria de Diseno Textil SA will post 0.99 earnings per share 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.

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