Hemnet Group (OTCMKTS:HMNTY) Trading 5.8% Higher – Time to Buy?

Shares of Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) shot up 5.8% on Thursday . The company traded as high as $17.25 and last traded at $17.25. 800 shares were traded during trading, a decline of 61% from the average session volume of 2,029 shares. The stock had previously closed at $16.31.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HMNTY shares. Cantor Fitzgerald downgraded shares of Hemnet Group to a “strong sell” rating in a research note on Tuesday. Zacks Research raised Hemnet Group to a “hold” rating in a research report on Thursday, January 8th. Finally, Exane BNP Paribas downgraded Hemnet Group to an “underperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hemnet Group Stock Up 6.3%

The company has a 50 day moving average of $17.99 and a 200 day moving average of $23.14.

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.