Hennes & Mauritz (OTCMKTS:HNNMY) Sets New 52-Week Low – Here’s What Happened

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $3.22 and last traded at $3.23, with a volume of 101313 shares. The stock had previously closed at $3.31.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HNNMY. Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Finally, Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Hennes & Mauritz has an average rating of “Reduce”.

Hennes & Mauritz Stock Performance

The firm has a market capitalization of $22.86 billion, a P/E ratio of 20.35 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The business’s 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $3.55.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $5.79 billion. Sell-side analysts anticipate that Hennes & Mauritz AB will post 0.17 EPS for the current fiscal year.

About Hennes & Mauritz

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.