Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY – Get Free Report) reached a new 52-week low during trading on Friday. The stock traded as low as $139.10 and last traded at $139.30, with a volume of 11,126 shares trading hands. The stock had previously closed at $152.84.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on HESAY shares. Royal Bank Of Canada cut shares of Hermes International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group started coverage on shares of Hermes International in a research report on Monday, October 5th. They issued a “sell” rating for the company. Zacks Research downgraded shares of Hermes International from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. Rothschild & Co Redburn downgraded shares of Hermes International from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, UBS Group downgraded shares of Hermes International from a “neutral” rating to a “sell” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
Read Our Latest Stock Analysis on HESAY
Hermes International Stock Down 3.8%
The firm’s 50 day moving average price is $161.36 and its two-hundred day moving average price is $179.78.
About Hermes International
Hermès International is a French luxury-goods company headquartered in Paris. Founded in 1837 by Thierry Hermès as a harness workshop, the company has evolved into a global manufacturer and retailer of high-end products while retaining a strong focus on craftsmanship, quality and long-term brand heritage.
Hermès designs and sells leather goods and saddlery, including handbags, luggage and equestrian equipment. Its other product categories include silk and textiles, ready-to-wear clothing, shoes, fashion accessories, perfumes and beauty products, watches, jewelry, and home furnishings.
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