Hemnet Group (OTCMKTS:HMNTY) Hits New 1-Year Low - What's Next?

Key Points

• Hemnet Group AB shares have reached a new 52-week low, trading at $22.75 with a volume of 1,109 shares.
• Analysts from Cantor Fitzgerald have upgraded the stock to a "hold" rating, contributing to an average rating of "hold" among analysts.
• The company's fifty-day moving average price is $26.30, while the 200-day moving average is $30.12.

Shares of Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $22.75 and last traded at $22.75, with a volume of 1109 shares trading hands. The stock had previously closed at $22.89.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald upgraded shares of Hemnet Group to a "hold" rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".

Hemnet Group Stock Performance

The firm has a fifty day moving average price of $26.30 and a 200 day moving average price of $30.12.

About Hemnet Group

Hemnet Group AB (publ) operates a residential property platform in Sweden. Its platform gathers various property buyers, sellers, and real estate agents in one place. The company was founded in 1998 and is headquartered in Stockholm, Sweden.

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