Hermès International Société en commandite par actions (OTCMKTS:HESAY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Hermès International Société en commandite par actions (OTCMKTS:HESAY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $274.99 and traded as low as $269.26. Hermès International Société en commandite par actions shares last traded at $272.08, with a volume of 25,212 shares trading hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets downgraded shares of Hermès International Société en commandite par actions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Hermès International Société en commandite par actions Stock Up 1.8 %

The business’s 50 day moving average price is $274.99 and its two-hundred day moving average price is $244.28.

Hermès International Société en commandite par actions Company Profile

Hermès International Société en commandite par actions engages in the production, wholesale, and retail of various goods. The company offers leather goods and saddlery, such as bags for men and women, travel articles, small leather goods and accessories, saddles, bridles, and a full range of equestrian products and clothing; ready-to-wear garments for men and women; and accessories, including jewelry, belts, hats, gloves, the Internet of Things products, and shoes.