Industria de Diseño Textil (OTCMKTS:IDEXY) Trading Down 0.1%

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY)’s stock price dropped 0.1% during mid-day trading on Friday . The company traded as low as $24.76 and last traded at $24.85. Approximately 89,858 shares were traded during trading, a decline of 31% from the average daily volume of 129,804 shares. The stock had previously closed at $24.88.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered shares of Industria de Diseño Textil from an “outperform” rating to a “sector perform” rating in a report on Friday, May 17th.

Industria de Diseño Textil Stock Down 0.1 %

The stock’s 50 day moving average is $24.11 and its two-hundred day moving average is $22.97.

Industria de Diseño Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, June 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Industria de Diseño Textil had a return on equity of 31.68% and a net margin of 15.09%. The business had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $9.13 billion. As a group, equities analysts anticipate that Industria de Diseño Textil, S.A. will post 1.05 earnings per share for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 17th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.2921 per share. This is a positive change from Industria de Diseño Textil’s previous dividend of $0.23. The ex-dividend date was Monday, April 29th. Industria de Diseño Textil’s dividend payout ratio is presently 61.46%.

Industria de Diseño Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.