Hemnet Group (OTCMKTS:HMNTY) Trading Up 5.8% – Still a Buy?

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) rose 5.8% during mid-day trading on Thursday . The stock traded as high as $17.25 and last traded at $17.25. Approximately 800 shares were traded during trading, a decline of 61% from the average daily volume of 2,029 shares. The stock had previously closed at $16.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HMNTY shares. Cantor Fitzgerald downgraded Hemnet Group to a “strong sell” rating in a report on Tuesday. Zacks Research upgraded shares of Hemnet Group to a “hold” rating in a research note on Thursday, January 8th. Finally, Exane BNP Paribas lowered shares of Hemnet Group to an “underperform” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hemnet Group Stock Up 6.3%

The company has a fifty day simple moving average of $17.99 and a two-hundred day simple moving average of $23.14.

About Hemnet Group

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.