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

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

Wall Street Analyst Weigh In

HNNMY has been the subject of several research reports. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research note on Tuesday, August 18th. Zacks Research upgraded shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Hennes & Mauritz Trading Down 2.9%

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 firm has a market cap of $24.54 billion, a price-to-earnings ratio of 20.56 and a beta of 1.20. The business has a fifty day simple moving average of $3.38 and a 200-day simple moving average of $3.59.

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