Hermes International (OTCMKTS:HESAY) Reaches New 52-Week Low – Here’s Why

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $159.99 and last traded at $160.21, with a volume of 3228 shares trading hands. The stock had previously closed at $163.75.

Wall Street Analyst Weigh In

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

Hermes International Stock Performance

The company has a current ratio of 4.99, a quick ratio of 4.19 and a debt-to-equity ratio of 0.11. The company’s 50 day simple moving average is $180.62 and its 200-day simple moving average is $190.46.

Hermes International Company Profile

Hermès International is a French luxury-goods company known for its craftsmanship, heritage and distinctive design. Founded in Paris in 1837 by Thierry Hermès as a harness workshop, the company initially served the carriage trade before expanding into a broader range of luxury products.

Hermès designs and manufactures leather goods and saddlery, silk and other textiles, ready-to-wear clothing, shoes, fashion accessories, perfumes, beauty products, watches, jewelry and home furnishings.