Hennes & Mauritz (OTCMKTS:HNNMY) Hits New 1-Year High - Here's What Happened

Key Points

• Hennes & Mauritz's stock reached a new 52-week high of $3.56, up from a previous close of $3.25, with a trading volume of 10,745 shares.
• Analysts have recently upgraded Hennes & Mauritz's rating, with Zacks upgrading it from "strong sell" to "hold," while Berenberg Bank assigned a "strong-buy" rating.
• The company's recent quarterly earnings reported an EPS of $0.04, which met the consensus estimate, and analysts predict a full-year EPS of $0.15 for Hennes & Mauritz.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $3.56 and last traded at $3.53, with a volume of 10745 shares changing hands. The stock had previously closed at $3.25.

Analyst Ratings Changes

HNNMY has been the topic of a number of research reports. Zacks Research upgraded Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Hennes & Mauritz in a report on Wednesday, September 3rd. Finally, Berenberg Bank upgraded Hennes & Mauritz to a "strong-buy" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold".

Hennes & Mauritz Stock Performance

The stock has a market capitalization of $25.06 billion, a P/E ratio of 27.35 and a beta of 1.25. The firm has a 50-day moving average of $2.96 and a 200 day moving average of $2.83. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Hennes & Mauritz had a return on equity of 23.48% and a net margin of 4.35%. Research analysts anticipate that Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

About Hennes & Mauritz

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.

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