Hennes & Mauritz (OTCMKTS:HNNMY) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Shares of Hennes & Mauritz (OTCMKTS:HNNMY) crossed below its 200‑day moving average
• Analyst sentiment is mixed with an average rating of "Hold" (1 Strong Buy, 4 Hold, 2 Sell), and recent downgrades to "strong sell" from Dnb Carnegie and Barclays.
• In the latest quarter H&M reported EPS of $0.01 (in line with estimates) but revenue of $5.43B missed expectations of $5.63B; the company has a market cap of $26.65B, a P/E of 23.63 and ROE of 31.74%.

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.81 and traded as low as $3.72. Hennes & Mauritz shares last traded at $3.78, with a volume of 123,840 shares traded.

Analysts Set New Price Targets

HNNMY has been the topic of several research analyst reports. Citigroup reissued a "neutral" rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. Oddo Bhf upgraded shares of Hennes & Mauritz to a "neutral" rating in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Dnb Carnegie downgraded shares of Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Finally, Barclays downgraded Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".

Hennes & Mauritz Price Performance

The company has a quick ratio of 0.60, a current ratio of 1.18 and a debt-to-equity ratio of 1.47. The company's fifty day moving average price is $3.86 and its 200 day moving average price is $3.81. The company has a market capitalization of $26.65 billion, a P/E ratio of 23.63 and a beta of 1.24.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last issued its quarterly earnings results on Thursday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Hennes & Mauritz had a return on equity of 31.74% and a net margin of 5.48%.The business had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.63 billion. As a group, sell-side analysts forecast that Hennes & Mauritz AB will post 0.15 EPS for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women's clothing store called Hennes ("hers") in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M's core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.

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