Hemnet Group (OTCMKTS:HMNTY) Trading Down 4.4% - What's Next?

Key Points

• Hemnet Group shares decreased by 4.4%, closing at $23.49 after trading at a significantly lower volume than usual.
• Analysts at Cantor Fitzgerald upgraded Hemnet Group to a "hold" rating, contributing to a consensus rating of "Hold" for the stock.
• The company's 50-day moving average stands at $26.83, while the two-hundred day moving average is $30.59, indicating its recent performance relative to historical trends.

Shares of Hemnet Group AB - Unsponsored ADR (OTCMKTS:HMNTY - Get Free Report) were down 4.4% during trading on Friday . The stock traded as low as $23.49 and last traded at $23.49. Approximately 709 shares were traded during trading, a decline of 67% from the average daily volume of 2,129 shares. The stock had previously closed at $24.57.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald raised 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, Hemnet Group currently has a consensus rating of "Hold".

Hemnet Group Price Performance

The firm has a 50-day moving average price of $26.83 and a two-hundred day moving average price of $30.59.

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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