Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down – Should You Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.7970, but opened at $3.5950. Hennes & Mauritz shares last traded at $3.60, with a volume of 3,883 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on HNNMY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a report on Wednesday, September 3rd. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Citigroup restated a “sell” rating on shares of Hennes & Mauritz in a research report on Friday, September 26th. Finally, Berenberg Bank raised Hennes & Mauritz to a “strong-buy” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hennes & Mauritz Trading Down 2.2%

The business has a 50 day moving average of $3.57 and a 200 day moving average of $3.10. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 25.64 and a beta of 1.34. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.46.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $56.77 billion. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%. As a group, research analysts predict that Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.