Hennes & Mauritz (OTCMKTS:HNNMY) Shares Pass Below 200 Day Moving Average - Time to Sell?

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) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Hennes & Mauritz Stock Down 1.9%

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 $18.26 billion, a P/E ratio of 19.92 and a beta of 1.22. The firm's 50 day moving average price is $2.79 and its two-hundred day moving average price is $2.74.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported $0.05 earnings per share 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 23.48%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $58.11 billion. Equities research analysts forecast that Hennes & Mauritz AB will post 0.15 EPS for the current 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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