Hermes International (OTCMKTS:HESAY) Reaches New 1-Year Low – Here’s Why

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $150.72 and last traded at $151.06, with a volume of 142306 shares trading hands. The stock had previously closed at $153.45.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research raised shares of Hermes International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. HSBC downgraded shares of Hermes International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada downgraded shares of Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hermes International has an average rating of “Moderate Buy”.

View Our Latest Research Report on Hermes International

Hermes International Trading Down 1.6%

The firm has a fifty day simple moving average of $174.35 and a 200-day simple moving average of $185.96. The company has a current ratio of 4.99, a quick ratio of 4.19 and a debt-to-equity ratio of 0.11.

Hermes International Company Profile

(Get Free Report)

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.

Further Reading

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