Hennes & Mauritz (OTCMKTS:HNNMY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.66 and traded as high as $3.7050. Hennes & Mauritz shares last traded at $3.69, with a volume of 113,892 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HNNMY. Zacks Research lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Pareto Securities cut Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Hennes & Mauritz has an average rating of “Strong Sell”.

Hennes & Mauritz Price Performance

The company has a 50 day moving average of $3.44 and a two-hundred day moving average of $3.66. The firm has a market cap of $25.91 billion, a P/E ratio of 23.06 and a beta of 1.11. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. Sell-side analysts expect that Hennes & Mauritz AB will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.