Hemnet Group (OTCMKTS:HMNTY) Shares Gap Down – Here’s What Happened

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) gapped down before the market opened on Wednesday . The stock had previously closed at $17.50, but opened at $16.94. Hemnet Group shares last traded at $16.8880, with a volume of 850 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Hemnet Group to a “hold” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Hemnet Group Stock Up 0.3%

The company’s 50 day moving average is $18.47 and its 200-day moving average is $23.90.

Hemnet Group Company Profile

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.