Hennes & Mauritz (OTCMKTS:HNNMY) Stock Falls 5.5% – Should You Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price was down 5.5% during trading on Wednesday. The company traded as low as $3.4125 and last traded at $3.4125. Approximately 587 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 177,131 shares. The stock had previously closed at $3.61.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HNNMY shares. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Hennes & Mauritz Stock Performance

The stock has a 50-day simple moving average of $3.38 and a 200 day simple moving average of $3.58. 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 company has a market capitalization of $24.37 billion, a PE ratio of 20.56 and a beta of 1.20.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. Equities 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 Group, is a Swedish fashion and retail company. Erling Persson founded the business in 1947 in Västerås, Sweden, initially selling women’s clothing under the name Hennes. In 1968, the company acquired the hunting and fishing retailer Mauritz Widforss, adding menswear and adopting the Hennes & Mauritz name. The company sells clothing, footwear, accessories, beauty products and home furnishings through its retail stores and online platforms. Its brand portfolio includes H&M, COS, Weekday, & Other Stories and ARKET, serving customers across markets in Europe, North America, Asia and other regions.