Hemnet Group (OTCMKTS:HMNTY) Hits New 12-Month Low – Should You Sell?

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.50 and last traded at $16.50, with a volume of 941 shares trading hands. The stock had previously closed at $17.30.

Analyst Ratings Changes

Separately, Zacks Research upgraded Hemnet Group to a “hold” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hemnet Group Trading Down 4.8%

The firm’s fifty day simple moving average is $18.38 and its 200-day simple moving average is $23.74.

Hemnet Group Company Profile

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.