Hermes International (OTCMKTS:HESAY) Shares Gap Up – What’s Next?

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) gapped up before the market opened on Monday. The stock had previously closed at $138.06, but opened at $143.28. Hermes International shares last traded at $143.28, with a volume of 3,849 shares.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HESAY. Berenberg Bank downgraded shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group started coverage on Hermes International in a research note on Monday, October 5th. They issued a “sell” rating on the stock. Zacks Research cut Hermes International from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Royal Bank Of Canada cut Hermes International from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 18th. Finally, UBS Group downgraded Hermes International from a “neutral” rating to a “sell” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hermes International Stock Performance

The company’s 50-day moving average is $160.47 and its 200-day moving average is $179.39.

About Hermes International

Hermès International is a French luxury-goods company headquartered in Paris. Founded in 1837 by Thierry Hermès as a harness workshop, the company has evolved into a global manufacturer and retailer of high-end products while retaining a strong focus on craftsmanship, quality and long-term brand heritage.

Hermès designs and sells leather goods and saddlery, including handbags, luggage and equestrian equipment. Its other product categories include silk and textiles, ready-to-wear clothing, shoes, fashion accessories, perfumes and beauty products, watches, jewelry, and home furnishings.