Industria de Diseño Textil (OTCMKTS:IDEXY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $26.48 and traded as low as $24.87. Industria de Diseño Textil shares last traded at $24.99, with a volume of 679,103 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada cut shares of Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a report on Thursday, December 12th. Citigroup raised Industria de Diseño Textil to a “strong-buy” rating in a report on Thursday, March 13th.

Industria de Diseño Textil Stock Down 0.0 %

The company has a market cap of $155.77 billion, a PE ratio of 24.74, a P/E/G ratio of 2.38 and a beta of 1.11. The business’s fifty day moving average is $26.48 and its 200-day moving average is $27.25.

Industria de Diseño Textil (OTCMKTS:IDEXY) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Industria de Diseño Textil had a net margin of 15.19% and a return on equity of 32.33%. The business had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.13 billion. Analysts forecast that Industria de Diseño Textil, S.A. will post 0.99 EPS for the current fiscal year.

Industria de Diseño Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.