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

Hennes & Mauritz logo with Retail/Wholesale background

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.73 and traded as low as $2.66. Hennes & Mauritz shares last traded at $2.67, with a volume of 394,524 shares traded.

Analyst Ratings Changes

HNNMY has been the subject of several research analyst reports. Hsbc Global Res downgraded Hennes & Mauritz from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Barclays downgraded Hennes & Mauritz from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Hennes & Mauritz currently has an average rating of "Hold".

View Our Latest Analysis on Hennes & Mauritz

Hennes & Mauritz Price Performance

The firm has a market capitalization of $18.82 billion, a PE ratio of 19.07 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 firm has a 50-day simple moving average of $2.83 and a 200-day simple moving average of $2.73.

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

About Hennes & Mauritz

(Get Free Report)

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.

Further Reading

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