Industria de Diseno Textil (OTCMKTS:IDEXY) Reaches New 12-Month High – Should You Buy?

Industria de Diseno Textil SA (OTCMKTS:IDEXY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.26 and last traded at $16.5350, with a volume of 24521 shares trading hands. The stock had previously closed at $16.63.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IDEXY shares. UBS Group raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Royal Bank Of Canada raised Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a report on Monday, November 24th. Four analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Industria de Diseno Textil Stock Performance

The stock has a market cap of $206.07 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 2.13 and a beta of 0.96. The company’s 50 day simple moving average is $14.87 and its 200 day simple moving average is $14.26.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%.The company had revenue of $11.44 billion during the quarter, compared to analyst estimates of $11.27 billion. Sell-side analysts predict that Industria de Diseno Textil SA will post 0.99 EPS for the current 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.