Industria de Diseno Textil (OTCMKTS:IDEXY) Trading Down 50.8% - Here's Why

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY - Get Free Report) traded down 50.8% on Wednesday . The stock traded as low as $12.68 and last traded at $12.71. 44,413 shares traded hands during trading, a decline of 95% from the average session volume of 894,285 shares. The stock had previously closed at $25.84.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BNP Paribas raised Industria de Diseno Textil to a "strong-buy" rating in a research report on Tuesday, April 22nd. Citigroup raised shares of Industria de Diseno Textil to a "strong-buy" rating in a research report on Thursday, March 13th.

Industria de Diseno Textil Price Performance

The stock has a market cap of $79.38 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 3.09 and a beta of 1.14. The business has a 50-day simple moving average of $26.84 and a two-hundred day simple moving average of $26.38.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last posted 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). The company had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $8.53 billion. Industria de Diseno Textil had a return on equity of 32.39% and a net margin of 15.19%. As a group, equities analysts anticipate that Industria de Diseno Textil SA will post 0.99 earnings per share for the current fiscal year.

Industria de Diseno Textil Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.3187 per share. This represents a dividend yield of 2.21%. The ex-dividend date was Wednesday, April 30th. This is an increase from Industria de Diseno Textil's previous dividend of $0.29. Industria de Diseno Textil's dividend payout ratio is 61.17%.

About Industria de Diseno Textil

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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