Hennes & Mauritz (OTCMKTS:HNNMY) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-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

A number of analysts have recently issued reports on HNNMY shares. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. 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, the company presently has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Up 4.2%

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 0.59. The stock’s fifty day simple moving average is $3.39 and its 200-day simple moving average is $3.59. The stock has a market cap of $25.84 billion, a P/E ratio of 21.65 and a beta of 1.20.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, hitting 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 analysts’ expectations of $5.84 billion. On average, research analysts anticipate that Hennes & Mauritz AB will post 0.17 earnings per share for the current 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.