Industria de Diseno Textil (OTCMKTS:IDEXY) Sees Large Volume Increase – Here’s What Happened

Industria de Diseno Textil SA (OTCMKTS:IDEXY) shares saw an uptick in trading volume on Friday . 1,866,856 shares were traded during trading, an increase of 227% from the previous session’s volume of 570,524 shares.The stock last traded at $16.34 and had previously closed at $16.49.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on IDEXY shares. UBS Group raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. 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. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Industria de Diseno Textil Stock Performance

The firm has a fifty day simple moving average of $15.19 and a 200 day simple moving average of $13.97. The company has a market cap of $204.30 billion, a PE ratio of 30.07, a PEG ratio of 2.16 and a beta of 0.96.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.17 earnings per share 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 company had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $11.27 billion. As a group, equities analysts predict that Industria de Diseno Textil SA will post 0.99 EPS for the current fiscal 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.