Hermes International (OTCMKTS:HESAY) Hits New 1-Year Low – Here’s What Happened

Hermes International SA – Unsponsored ADR (OTCMKTS:HESAY) hit a new 52-week low during mid-day trading on Wednesday. The stock 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.

Wall Street Analyst Weigh In

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

Hermes International Price Performance

The company’s fifty day moving average is $172.76 and its two-hundred day moving average is $185.00.

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.