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

Key Points

• Shares dipped below their 200-day moving average of $3.80, trading as low as $3.67 and last at $3.69 on volume of 50,115 shares.
• Analysts' consensus remains a Hold (one Strong Buy, four Hold, two Sell), though DNB Carnegie and Barclays recently downgraded the stock to "strong sell."
• H&M reported quarterly EPS of $0.01—in line with estimates—but revenue missed at $5.43 billion versus $5.63 billion, and analysts forecast FY EPS of 0.15.

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.80 and traded as low as $3.67. Hennes & Mauritz shares last traded at $3.69, with a volume of 50,115 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Hennes & Mauritz in a research report on Friday, January 30th. Dnb Carnegie cut shares of Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Oddo Bhf upgraded shares of Hennes & Mauritz to a "neutral" rating in a research report on Thursday, December 18th. Barclays cut shares of Hennes & Mauritz from a "hold" rating to a "strong sell" rating in a research report on Friday, February 13th. Finally, Citigroup restated a "neutral" rating on shares of Hennes & Mauritz in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Hennes & Mauritz Stock Up 2.2%

The business's fifty day simple moving average is $3.89 and its 200 day simple moving average is $3.80. The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 1.47. The stock has a market cap of $26.02 billion, a price-to-earnings ratio of 23.06 and a beta of 1.24.

Hennes & Mauritz (OTCMKTS:HNNMY - Get Free Report) last released its earnings results on Thursday, March 26th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 31.74%. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.63 billion. Equities analysts forecast that Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women's clothing store called Hennes ("hers") in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M's core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.

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