Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down – Here’s Why

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.02, but opened at $3.9001. Hennes & Mauritz shares last traded at $3.99, with a volume of 1,119 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. Citigroup upgraded Hennes & Mauritz from a “sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Oddo Bhf upgraded shares of Hennes & Mauritz to a “neutral” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Hennes & Mauritz Price Performance

The firm has a market capitalization of $28.13 billion, a P/E ratio of 28.50 and a beta of 1.20. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.46. The stock’s fifty day simple moving average is $3.75 and its 200 day simple moving average is $3.29.

Hennes & Mauritz Company Profile

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.