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

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) shares hit a new 52-week low 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 changing hands. The stock had previously closed at $146.29.

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

Hermes International Price Performance

The business has a 50-day simple moving average of $170.05 and a two-hundred day simple moving average of $183.56.

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.