Industria de Diseno Textil (OTCMKTS:IDEXY) Sees Strong Trading Volume – What’s Next?

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) saw unusually-strong trading volume on Friday . Approximately 640,618 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 437,761 shares.The stock last traded at $25.55 and had previously closed at $25.46.

Analyst Ratings Changes

A number of analysts have commented on IDEXY shares. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a report on Thursday, March 13th. BNP Paribas raised Industria de Diseno Textil to a “strong-buy” rating in a report on Tuesday, April 22nd.

Industria de Diseno Textil Trading Up 5.6%

The stock has a market capitalization of $167.61 billion, a PE ratio of 26.11, a P/E/G ratio of 3.21 and a beta of 1.14. The stock has a 50 day moving average price of $26.87 and a 200-day moving average price of $26.43.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Industria de Diseno Textil had a net margin of 15.19% and a return on equity of 32.34%. The business had revenue of $9.45 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Research analysts forecast that Industria de Diseno Textil SA will post 0.99 earnings per share for the current year.

Industria de Diseno Textil Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, May 1st were given a dividend of $0.3187 per share. This is a boost from Industria de Diseno Textil’s previous dividend of $0.29. This represents a dividend yield of 2.21%. The ex-dividend date was Wednesday, April 30th. Industria de Diseno Textil’s payout ratio is 60.19%.

About Industria de Diseno Textil

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.