Industria de Diseno Textil (OTCMKTS:IDEXY) Sees Large Volume Increase – Should You Buy?

Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw unusually-high trading volume on Monday . Approximately 1,640,913 shares changed hands during trading, an increase of 129% from the previous session’s volume of 717,408 shares.The stock last traded at $14.72 and had previously closed at $14.42.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a report on Monday, November 24th. Citigroup upgraded shares of Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Finally, Zacks Research cut shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Four investment 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 stock. According to MarketBeat, Industria de Diseno Textil has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Stock Up 0.5%

The firm has a market capitalization of $180.64 billion, a PE ratio of 25.20, a P/E/G ratio of 2.90 and a beta of 0.92. The stock has a 50-day simple moving average of $16.11 and a 200-day simple moving average of $15.09.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, March 11th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.65 billion. Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 35.01%. Equities analysts forecast that Industria de Diseno Textil SA will post 0.99 earnings per share 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.