Industria de Diseno Textil (OTCMKTS:IDEXY) Shares Gap Down – Here’s What Happened

Industria de Diseno Textil SA (OTCMKTS:IDEXY) gapped down before the market opened on Monday . The stock had previously closed at $15.30, but opened at $14.70. Industria de Diseno Textil shares last traded at $14.7399, with a volume of 12,947 shares.

Analyst Ratings Changes

IDEXY has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Industria de Diseno Textil Stock Performance

The firm has a market capitalization of $182.24 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 3.28 and a beta of 0.94. The company has a 50 day moving average price of $15.16 and a two-hundred day moving average price of $15.44.

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 the consensus estimate of $0.29 by ($0.14). Industria de Diseno Textil had a return on equity of 33.77% and a net margin of 15.61%.The firm had revenue of $13.62 billion for the quarter, compared to analysts’ expectations of $13.65 billion. On average, equities analysts expect that Industria de Diseno Textil SA will post 0.63 earnings per share for the current fiscal year.

Industria de Diseno Textil Company Profile

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.