Hermes International (OTCMKTS:HESAY) Cut to “Sector Perform” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Hermes International (OTCMKTS:HESAY) from an outperform rating to a sector perform rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports.

HESAY has been the topic of several other research reports. HSBC lowered Hermes International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded Hermes International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Two 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 stock. According to MarketBeat, Hermes International presently has an average rating of “Moderate Buy”.

Hermes International Price Performance

OTCMKTS HESAY opened at $181.15 on Tuesday. The company has a 50-day simple moving average of $187.00 and a two-hundred day simple moving average of $200.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.19 and a current ratio of 4.99. Hermes International has a 12-month low of $166.77 and a 12-month high of $288.15.

Hermes International Company Profile

Hermès International is a French luxury goods company renowned for its high-end leather goods, scarves, ready-to-wear apparel, watches, jewelry, fragrances and home accessories. Founded in 1837 as a harness and bridle workshop, the firm has evolved into one of the world’s most recognizable luxury maisons, known for artisanal craftsmanship, quality materials and a focus on timeless design. The company is headquartered in Paris and maintains a strong heritage identity that influences its product development and brand positioning.

Key product categories include leather goods and iconic handbags, silk scarves and ties, fashion and accessories, timepieces and fine jewelry, as well as fragrances and selected home collections.