Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase - Still a Buy?

Key Points

• Hennes & Mauritz experienced a 45% increase in trading volume, with 172,627 shares traded compared to 119,012 the previous session, and the stock price rose to $3.12 from $3.11.
• Analysts have mixed sentiments about the stock, with one Strong Buy rating, five Hold ratings, and one Sell rating, leading to a consensus rating of "Hold."
• The company reported a net margin of 4.35% and earnings per share of $0.05, meeting analysts' expectations, with a projected EPS of 0.15 for the current fiscal year.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 172,627 shares traded hands during mid-day trading, an increase of 45% from the previous session's volume of 119,012 shares.The stock last traded at $3.12 and had previously closed at $3.11.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HNNMY shares. Zacks Research upgraded Hennes & Mauritz from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Berenberg Bank upgraded Hennes & Mauritz to a "strong-buy" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hennes & Mauritz presently has an average rating of "Hold".

Hennes & Mauritz Trading Down 1.8%

The company has a current ratio of 1.00, a quick ratio of 0.46 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $21.72 billion, a price-to-earnings ratio of 23.69 and a beta of 1.25. The company has a fifty day moving average of $2.89 and a 200-day moving average of $2.80.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Hennes & Mauritz had a return on equity of 23.48% and a net margin of 4.35%.The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $58.11 billion. As a group, equities research analysts anticipate that Hennes & Mauritz AB will post 0.15 earnings per share 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.