Hennes & Mauritz (OTCMKTS:HNNMY) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.77 and traded as low as $3.4625. Hennes & Mauritz shares last traded at $3.50, with a volume of 149,446 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HNNMY. Barclays cut Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Dnb Carnegie cut Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hennes & Mauritz Trading Up 1.4%

The business’s 50-day moving average price is $3.58 and its 200 day moving average price is $3.77. The company has a market cap of $24.68 billion, a P/E ratio of 21.88 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.58 and a current ratio of 1.18.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 30.79%. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.63 billion. As a group, analysts expect that Hennes & Mauritz AB will post 0.17 earnings per share 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.