Hemnet Group (OTCMKTS:HMNTY) Shares Gap Up – Here’s What Happened

Shares of Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) gapped up before the market opened on Tuesday. The stock had previously closed at $6.94, but opened at $7.26. Hemnet Group shares last traded at $7.24, with a volume of 5,000 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Nordea Equity Research upgraded shares of Hemnet Group to a “buy” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Hemnet Group presently has an average rating of “Reduce”.

Hemnet Group Stock Performance

The firm has a fifty day moving average of $8.17 and a two-hundred day moving average of $9.51.

Hemnet Group Company Profile

Hemnet Group AB operates Hemnet, Sweden’s leading online property marketplace. Through its platform, individuals can search for homes and other properties for sale, while real estate agents and property sellers can publish listings and market residential properties to prospective buyers.

The company’s services include property listings, search and comparison tools, saved searches, alerts and digital features designed to support the home-buying and selling process. Hemnet also offers advertising and visibility products for agents, developers and other property-related businesses.

Hemnet was established in Sweden in 1998 and primarily serves the Swedish residential real estate market through its Hemnet.se platform.