Hemnet Group (OTCMKTS:HMNTY) Reaches New 1-Year Low – Here’s What Happened

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTYGet Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $7.00 and last traded at $7.15, with a volume of 400 shares trading hands. The stock had previously closed at $7.50.

Analyst Upgrades and Downgrades

Separately, Nordea Equity Research upgraded Hemnet Group to a “buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Read Our Latest Research Report on Hemnet Group

Hemnet Group Trading Down 1.4%

The business’s fifty day simple moving average is $9.30 and its two-hundred day simple moving average is $10.33.

Hemnet Group Company Profile

(Get Free Report)

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. The platform connects people looking to buy, sell, or find homes with real estate agents and property advertisers. Users can search residential properties, view listing details and images, save searches, and receive updates on homes that match their preferences.

Hemnet provides real estate agencies and property sellers with digital marketing and listing services designed to promote homes to prospective buyers.

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