Hennes & Mauritz (OTCMKTS:HNNMY) Sets New 1-Year Low – Time to Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $3.0720 and last traded at $3.11, with a volume of 436483 shares trading hands. The stock had previously closed at $3.21.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HNNMY. Pareto Securities cut Hennes & Mauritz to a “sell” rating in a report on Friday, June 26th. Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Finally, Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Hennes & Mauritz has an average rating of “Reduce”.

Hennes & Mauritz Price Performance

The company’s fifty day moving average is $3.52 and its 200 day moving average is $3.52. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 18.35 and a beta of 1.17. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $5.84 billion. On average, equities research 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 Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.