Hennes & Mauritz (OTCMKTS:HNNMY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.59 and traded as high as $3.73. Hennes & Mauritz shares last traded at $3.68, with a volume of 38,662 shares.

Wall Street Analysts Forecast Growth

HNNMY has been the topic of a number of research analyst reports. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hennes & Mauritz presently has an average rating of “Reduce”.

Hennes & Mauritz Trading Down 2.5%

The stock has a fifty day moving average of $3.38 and a 200-day moving average of $3.59. The company has a market cap of $24.86 billion, a PE ratio of 20.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 1.13.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Wednesday, September 23rd. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.84 billion. Sell-side analysts anticipate that Hennes & Mauritz AB will post 0.17 EPS for the current fiscal 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.