Hemnet Group (OTCMKTS:HMNTY) Reaches New 12-Month Low – What’s Next?

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) reached a new 52-week low on Wednesday . The stock traded as low as $12.2775 and last traded at $12.2775, with a volume of 459 shares trading hands. The stock had previously closed at $12.7850.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HMNTY shares. BNP Paribas Exane cut Hemnet Group to an “underperform” rating in a research report on Monday, January 26th. Zacks Research upgraded shares of Hemnet Group to a “hold” rating in a report on Thursday, January 8th. Finally, Cantor Fitzgerald cut shares of Hemnet Group to a “strong sell” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hemnet Group Stock Down 5.6%

The firm’s 50 day moving average is $16.54 and its two-hundred day moving average is $21.06.

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.