Hennes & Mauritz (OTCMKTS:HNNMY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY – Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.46 and traded as low as $3.38. Hennes & Mauritz shares last traded at $3.39, with a volume of 194,204 shares traded.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities cut Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

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Hennes & Mauritz Price Performance

The stock has a fifty day moving average of $3.46 and a 200-day moving average of $3.73. The company has a quick ratio of 0.58, a current ratio of 1.18 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 21.19 and a beta of 1.10.

Hennes & Mauritz (OTCMKTS:HNNMY – Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a return on equity of 30.28% and a net margin of 5.55%. On average, equities research analysts predict that Hennes & Mauritz AB will post 0.17 EPS for the current fiscal year.

Hennes & Mauritz Company Profile

(Get Free Report)

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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