Zacks Investment Research Lowers INDUSTRIA DE DI/ADR (IDEXY) to Sell

INDUSTRIA DE DI/ADR (OTCMKTS:IDEXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “Industria de Diseño Textil, S.A., is a fashion retailer operating worldwide. The company also involves in the business of textile designing, manufacturing, and distribution. It welcomes its shoppers at its various store formats, such as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe . It has several stores in several countries. Industria de Diseño Textil, S.A. is headquartered in Arteixo, Spain. “

Separately, ValuEngine raised shares of INDUSTRIA DE DI/ADR from a “sell” rating to a “hold” rating in a report on Saturday, June 16th.

IDEXY traded down $0.16 during trading on Monday, reaching $15.31. 413,669 shares of the company’s stock were exchanged, compared to its average volume of 269,001. INDUSTRIA DE DI/ADR has a one year low of $14.45 and a one year high of $19.62. The firm has a market capitalization of $96.18 billion, a price-to-earnings ratio of 24.69 and a beta of 0.89.

About INDUSTRIA DE DI/ADR

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household textile products through various commercial concepts. Its retail concepts include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe. The company operates 7,475 stores in 96 markets; and online stores in 49 markets.

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