Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY – Get Free Report) shares hit a new 52-week low during trading on Friday. The company traded as low as $139.10 and last traded at $139.30, with a volume of 11,126 shares. The stock had previously closed at $152.84.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on HESAY shares. UBS Group cut Hermes International from a “neutral” rating to a “sell” rating in a research report on Monday, October 5th. Royal Bank Of Canada lowered Hermes International from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 18th. Rothschild & Co Redburn lowered Hermes International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. The Goldman Sachs Group assumed coverage on shares of Hermes International in a research report on Monday, October 5th. They issued a “sell” rating for the company. Finally, Zacks Research cut Hermes International from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Research Report on Hermes International
Hermes International Trading Down 3.8%
The company’s fifty day simple moving average is $161.36 and its 200-day simple moving average 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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