Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Up – Should You Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY) gapped up before the market opened on Thursday . The stock had previously closed at $3.71, but opened at $3.8450. Hennes & Mauritz shares last traded at $3.8360, with a volume of 117,631 shares traded.

Analyst Ratings Changes

HNNMY has been the topic of a number of recent research reports. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Citigroup upgraded shares of Hennes & Mauritz from a “sell” rating to a “neutral” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Hennes & Mauritz Stock Up 3.2%

The business’s 50 day moving average is $3.68 and its 200 day moving average is $3.19. The company has a market capitalization of $26.99 billion, a price-to-earnings ratio of 27.34 and a beta of 1.20. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.46 and a current ratio of 1.00.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.34%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $56.77 billion. Sell-side analysts anticipate that Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

Hennes & Mauritz Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.