Industria de Diseno Textil (OTCMKTS:IDEXY) Shares Gap Up – What’s Next?

Industria de Diseno Textil SA (OTCMKTS:IDEXY)’s stock price 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 trading hands.

Wall Street Analysts Forecast Growth

IDEXY has been the subject of several recent research reports. Zacks Research downgraded Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada raised shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Industria de Diseno Textil Stock Performance

The company has a market cap of $186.38 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 1.86 and a beta of 0.93. The company has a 50-day simple moving average of $16.34 and a 200-day simple moving average of $14.96.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its quarterly earnings results on Wednesday, March 11th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.14). Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 35.01%. The business had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.65 billion. As a group, equities research analysts forecast that Industria de Diseno Textil SA will post 0.99 EPS for the current year.

About Industria de Diseno Textil

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.