Hermes International (OTCMKTS:HESAY) Hits New 52-Week Low on Analyst Downgrade

Shares of Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) hit a new 52-week low during mid-day trading on Tuesday after UBS Group downgraded the stock from a neutral rating to a sell rating. The company traded as low as $142.40 and last traded at $144.53, with a volume of 130702 shares traded. The stock had previously closed at $146.29.

HESAY has been the subject of several other research reports. HSBC downgraded shares of Hermes International from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Rothschild & Co Redburn downgraded shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Royal Bank Of Canada lowered shares of Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Hermes International from a “strong sell” rating to a “hold” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Hermes International currently has a consensus rating of “Hold”.

Hermes International Price Performance

The company has a fifty day simple moving average of $169.41 and a 200-day simple moving average of $183.14.

Hermes International Company Profile

Hermès International is a French luxury-goods company known for its craftsmanship, distinctive design and long-standing heritage. The business was founded in Paris in 1837 by Thierry Hermès as a harness and saddlery workshop, and it has evolved into a global luxury brand while retaining a strong connection to artisanal production.

The company offers a broad range of products, including leather goods and saddlery, silk and textiles, ready-to-wear clothing, footwear, fashion accessories, jewelry, watches, fragrances, beauty products and home furnishings.