Hemnet Group (OTCMKTS:HMNTY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Hemnet Group AB experienced a significant trading surge, with shares increasing by 970% as approximately 28,335 shares traded on the recent Thursday session.
• Analysts from Cantor Fitzgerald have upgraded the stock's rating to a "hold," contributing to a consensus rating of "hold" from the market.
• The company's stock is currently trading at $23.60, down 0.4% from previous levels, with moving averages indicating a downward trend at $26.49 and $30.38 for 50-day and 200-day averages respectively.

Shares of Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 28,335 shares changed hands during trading, an increase of 970% from the previous session's volume of 2,648 shares.The stock last traded at $23.60 and had previously closed at $23.29.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald raised shares of Hemnet Group to a "hold" rating in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Hemnet Group Trading Down 0.4%

The company's 50-day moving average is $26.49 and its two-hundred day moving average is $30.38.

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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