Industria de Diseno Textil (OTCMKTS:IDEXY) Sets New 52-Week High – Should You Buy?

Industria de Diseno Textil SA (OTCMKTS:IDEXY) reached a new 52-week high during trading on Wednesday . The company traded as high as $17.34 and last traded at $16.81, with a volume of 33350 shares. The stock had previously closed at $16.92.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IDEXY. Zacks Research raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. 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. Five equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Trading Down 0.2%

The company has a 50 day simple moving average of $16.35 and a 200 day simple moving average of $14.41. The stock has a market capitalization of $210.56 billion, a PE ratio of 30.99, a P/E/G ratio of 2.02 and a beta of 0.94.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.16). Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%.The firm had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $11.27 billion. On average, equities research analysts predict that Industria de Diseno Textil SA will post 0.99 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.