Hemnet Group (OTCMKTS:HMNTY) Reaches New 52-Week Low - Here's Why

Key Points

• Hemnet Group's shares reached a new 52-week low of $24.34 during trading, with a total volume of 174 shares exchanged.
• Cantor Fitzgerald has upgraded Hemnet Group's rating to "hold," contributing to a current consensus rating of "Hold" from one analyst.
• The company's 50-day and 200-day simple moving averages are $27.24 and $30.82, respectively, indicating recent price underperformance.

Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $24.34 and last traded at $24.34, with a volume of 174 shares traded. The stock had previously closed at $24.35.

Wall Street Analysts Forecast Growth

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

Hemnet Group Price Performance

The firm's 50 day simple moving average is $27.24 and its 200-day simple moving average is $30.82.

Hemnet Group Company Profile

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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