Hennes & Mauritz (OTCMKTS:HNNMY) Sees Strong Trading Volume – Should You Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY) saw unusually-high trading volume on Monday. Approximately 145,461 shares traded hands during trading, a decline of 8% from the previous session’s volume of 157,610 shares. The stock last traded at $3.21 and had previously closed at $3.23.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HNNMY. Pareto Securities downgraded Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Finally, Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report 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, the company has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31. The company has a 50 day moving average of $3.53 and a 200-day moving average of $3.54. The stock has a market capitalization of $22.49 billion, a P/E ratio of 18.84 and a beta of 1.12.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.62%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.84 billion. Sell-side analysts predict that Hennes & Mauritz AB will post 0.17 EPS for the current 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.