Hemnet Group (OTCMKTS:HMNTY) Sees Large Volume Increase – Here’s What Happened

Shares of Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) saw unusually-strong trading volume on Thursday . Approximately 4,950 shares were traded during trading, an increase of 142% from the previous session’s volume of 2,048 shares.The stock last traded at $12.55 and had previously closed at $12.2775.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald downgraded shares of Hemnet Group to a “strong sell” rating in a research note on Tuesday, January 27th. Zacks Research raised Hemnet Group to a “hold” rating in a research note on Thursday, January 8th. Finally, BNP Paribas Exane cut Hemnet Group to an “underperform” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Hemnet Group presently has a consensus rating of “Sell”.

Hemnet Group Price Performance

The business’s 50-day moving average price is $16.39 and its two-hundred day moving average price is $21.00.

Hemnet Group Company Profile

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.