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

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) reached a new 52-week low during trading on Wednesday. The company 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 Upgrades and Downgrades

Several research firms recently issued reports on HESAY. HSBC cut shares of Hermes International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Hermes International from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Hermes International Price Performance

The stock’s 50-day moving average is $174.35 and its 200-day moving average is $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.

About Hermes International

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.