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

Key Points

• Hemnet Group's shares have reached a new 52-week low, trading at $23.20, with a decrease of 1.2% on the market.
• Analysts from Cantor Fitzgerald have upgraded Hemnet Group's stock rating to a "hold", contributing to a consensus rating of "Hold" among analysts.
• The company operates a residential property platform in Sweden, connecting property buyers, sellers, and real estate agents.

Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $23.20 and last traded at $23.20, with a volume of 3022 shares changing hands. The stock had previously closed at $23.49.

Wall Street Analyst Weigh In

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

Hemnet Group Stock Down 1.2%

The stock's 50-day moving average price is $26.83 and its 200 day moving average price is $30.55.

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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