Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down – Time to Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares gapped down prior to trading on Friday. The stock had previously closed at $3.68, but opened at $3.36. Hennes & Mauritz shares last traded at $3.50, with a volume of 1,270 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Hennes & Mauritz currently has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

The company has a fifty day simple moving average of $3.39 and a 200-day simple moving average of $3.59. The company has a market cap of $25.00 billion, a P/E ratio of 20.94 and a beta of 1.20. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 0.59.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. On average, sell-side analysts predict that Hennes & Mauritz AB will post 0.17 earnings per share for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.