Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Up - Here's What Happened

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $2.67, but opened at $2.85. Hennes & Mauritz shares last traded at $2.79, with a volume of 318 shares traded.

Analyst Ratings Changes

Separately, Hsbc Global Res cut shares of Hennes & Mauritz from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".

Hennes & Mauritz Stock Down 0.1%

The stock has a 50-day moving average of $2.82 and a 200 day moving average of $2.71. The company has a market cap of $19.53 billion, a P/E ratio of 21.31 and a beta of 1.25. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.15 and a quick ratio of 0.51.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. Hennes & Mauritz had a net margin of 4.35% and a return on equity of 22.74%. The business had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $58.11 billion. Research analysts anticipate that Hennes & Mauritz AB will post 0.15 earnings per share for the current 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.