H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.19 and traded as low as $2.71. H & M Hennes & Mauritz AB (publ) shares last traded at $2.71, with a volume of 18,200 shares.

Analysts Set New Price Targets

HNNMY has been the subject of several recent analyst reports. Redburn Atlantic downgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, H & M Hennes & Mauritz AB (publ) presently has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Up 2.2 %

The stock has a market cap of $19.61 billion, a PE ratio of 22.58 and a beta of 1.45. The business has a 50 day moving average price of $3.15 and a 200 day moving average price of $3.19. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.07.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.84 billion. Equities research analysts expect that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 8th will be given a dividend of $0.0625 per share. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio is currently 58.33%.

H & M Hennes & Mauritz AB (publ) 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.