Royal Bank of Canada Downgrades Industria de Diseño Textil (OTCMKTS:IDEXY) to Sector Perform

Royal Bank of Canada cut shares of Industria de Diseño Textil (OTCMKTS:IDEXYFree Report) from an outperform rating to a sector perform rating in a research report sent to investors on Friday morning, MarketBeat reports.

Industria de Diseño Textil Trading Up 0.3 %

Shares of OTCMKTS:IDEXY traded up $0.07 during midday trading on Friday, reaching $23.50. The company had a trading volume of 106,082 shares, compared to its average volume of 104,028. The company has a fifty day simple moving average of $23.92 and a two-hundred day simple moving average of $21.89. Industria de Diseño Textil has a 1-year low of $16.39 and a 1-year high of $25.72.

Industria de Diseño Textil (OTCMKTS:IDEXYGet Free Report) last announced its earnings results on Wednesday, March 13th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.23 billion. Industria de Diseño Textil had a net margin of 14.97% and a return on equity of 32.11%. Sell-side analysts forecast that Industria de Diseño Textil will post 1.03 earnings per share for the current year.

Industria de Diseño Textil Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 17th. Stockholders of record on Tuesday, April 30th were given a $0.2921 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a boost from Industria de Diseño Textil’s previous dividend of $0.23. Industria de Diseño Textil’s dividend payout ratio (DPR) is 63.44%.

About Industria de Diseño Textil

(Get Free Report)

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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