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

Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 Upgrades and Downgrades

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

Hennes & Mauritz Price Performance

The firm has a 50 day moving average price of $2.83 and a 200 day moving average price of $2.72. The company has a quick ratio of 0.51, a current ratio of 1.15 and a debt-to-equity ratio of 1.10. The stock has a market cap of $18.40 billion, a P/E ratio of 18.64 and a beta of 1.25.

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, meeting the consensus estimate of $0.01. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $56.15 billion. Hennes & Mauritz had a return on equity of 24.84% and a net margin of 4.68%. On average, analysts forecast that Hennes & Mauritz AB will post 0.15 EPS 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.