Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase – Here’s Why

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) saw strong trading volume on Wednesday. 175,919 shares were traded during trading, a decline of 1% from the previous session’s volume of 178,547 shares. The stock last traded at $3.44 and had previously closed at $3.48.

Analyst Upgrades and Downgrades

Several research firms have commented on HNNMY. Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Finally, Pareto Securities cut shares of Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. 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, the company currently has an average rating of “Reduce”.

Hennes & Mauritz Price Performance

The stock has a market cap of $24.16 billion, a price-to-earnings ratio of 20.35 and a beta of 1.17. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 1.13. The company has a 50-day simple moving average of $3.42 and a two-hundred day simple moving average of $3.48.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.84 billion. As a group, equities research analysts forecast that Hennes & Mauritz AB will post 0.17 EPS 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.