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

Key Points

• Hennes & Mauritz shares have fallen below their 200-day moving average of $2.74, trading as low as $2.58, raising concerns among investors about potential selling.
• The company reported earnings of $0.05 per share, which met analysts' expectations, but revenue of $5.75 billion fell short of estimates, indicating challenges in performance.
• Hennes & Mauritz has a market capitalization of $18.26 billion and a debt-to-equity ratio of 1.22, reflecting its financial leverage and stability in terms of liquidity ratios.

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.74 and traded as low as $2.58. Hennes & Mauritz shares last traded at $2.59, with a volume of 171,133 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded Hennes & Mauritz to a "strong-buy" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Hennes & Mauritz Price Performance

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 $19.09 billion, a PE ratio of 20.82 and a beta of 1.22. The stock's 50-day moving average is $2.78 and its two-hundred day moving average is $2.74.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $58.11 billion. Hennes & Mauritz had a net margin of 4.35% and a return on equity of 23.48%. On average, equities analysts predict that Hennes & Mauritz AB will post 0.15 EPS 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.