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 traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a research note on Monday, March 16th. Zacks Research lowered Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Industria de Diseno Textil Price Performance

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

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 33.77%. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.65 billion. As a group, research analysts expect that Industria de Diseno Textil SA will post 0.63 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.