Hennes & Mauritz (OTCMKTS:HNNMY) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.77 and traded as low as $3.4625. Hennes & Mauritz shares last traded at $3.50, with a volume of 149,446 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. Dnb Carnegie downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Barclays lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hennes & Mauritz Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.58 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average of $3.58 and a 200-day moving average of $3.77. The firm has a market capitalization of $24.68 billion, a P/E ratio of 21.88 and a beta of 1.09.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Thursday, March 26th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.63 billion. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%. On average, sell-side analysts predict 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.