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

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) 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 Upgrades and Downgrades

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

Hennes & Mauritz Stock Performance

The stock has a market cap of $19.61 billion, a PE ratio of 19.87 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. The stock has a 50-day simple moving average of $2.82 and a 200-day simple moving average of $2.72.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Hennes & Mauritz had a return on equity of 24.84% and a net margin of 4.68%. The business had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $56.15 billion. Equities analysts predict that Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

Hennes & Mauritz Company Profile

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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