Industria de Diseño Textil (OTCMKTS:IDEXY) Announces Earnings Results

Industria de Diseño Textil (OTCMKTS:IDEXY) announced its earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01), Zacks reports. Industria de Diseño Textil had a return on equity of 32.33% and a net margin of 15.19%.

Industria de Diseño Textil Trading Down 1.6 %

Shares of OTCMKTS:IDEXY traded down $0.43 during trading on Wednesday, hitting $26.56. 612,877 shares of the company were exchanged, compared to its average volume of 313,313. Industria de Diseño Textil has a fifty-two week low of $21.98 and a fifty-two week high of $30.11. The stock has a market cap of $165.56 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 2.38 and a beta of 1.11. The firm has a fifty day moving average price of $26.68 and a two-hundred day moving average price of $27.45.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered shares of Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 12th.

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.