Hennes & Mauritz (OTCMKTS:HNNMY) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.61 and traded as high as $3.63. Hennes & Mauritz shares last traded at $3.62, with a volume of 109,114 shares traded.

Wall Street Analyst Weigh In

HNNMY has been the topic of several recent analyst reports. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Pareto Securities lowered Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Finally, Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Hennes & Mauritz presently has a consensus rating of “Reduce”.

Hennes & Mauritz Trading Up 1.4%

The firm has a fifty day moving average of $3.53 and a two-hundred day moving average of $3.61. The company has a market cap of $25.42 billion, a PE ratio of 22.63 and a beta of 1.12. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.79 billion. As a group, sell-side analysts predict 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, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.