Hermes International (OTCMKTS:HESAY) Sees Large Volume Increase – Still a Buy?

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) shares saw strong trading volume on Tuesday . 166,218 shares were traded during trading, an increase of 232% from the previous session’s volume of 49,992 shares.The stock last traded at $246.3250 and had previously closed at $242.93.

Wall Street Analyst Weigh In

Several research firms have commented on HESAY. Hsbc Global Res cut shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Barclays lowered shares of Hermes International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. DZ Bank raised Hermes International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, UBS Group cut Hermes International from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Hermes International currently has a consensus rating of “Hold”.

Hermes International Price Performance

The business has a 50 day moving average of $247.84 and a 200 day moving average of $257.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.50 and a quick ratio of 3.65.

About Hermes International

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.