Hermes International (OTCMKTS:HESAY) Sets New 52-Week Low – Here’s What Happened

Shares of Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) reached a new 52-week low during trading on Tuesday . The company traded as low as $166.32 and last traded at $166.41, with a volume of 99535 shares. The stock had previously closed at $168.84.

Analyst Upgrades and Downgrades

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

Hermes International Stock Down 0.8%

The firm’s 50-day moving average price is $183.11 and its 200-day moving average price is $193.46. The company has a quick ratio of 4.19, a current ratio of 4.99 and a debt-to-equity ratio of 0.11.

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.