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

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $3.62, but opened at $3.4450. Hennes & Mauritz shares last traded at $3.44, with a volume of 9,740 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HNNMY shares. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Finally, 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 investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Hennes & Mauritz Trading Down 2.9%

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.53. The stock has a 50-day moving average price of $3.54 and a two-hundred day moving average price of $3.59. The stock has a market cap of $23.52 billion, a PE ratio of 20.94 and a beta of 1.12.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 31.51% and a net margin of 5.55%.The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.79 billion. Sell-side analysts forecast that Hennes & Mauritz AB will post 0.17 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion retailer that sells clothing, accessories, footwear, beauty products and home furnishings. Its business spans design, sourcing, retail and online sales, with products aimed at women, men and children across a range of price points.

The company was founded in 1947 by Erling Persson as a women’s clothing store called Hennes in Västerås, Sweden. After acquiring the hunting and menswear retailer Mauritz Widforss in 1968, it adopted the Hennes & Mauritz name and expanded into menswear and children’s apparel.