H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Sets New 12-Month Low – Here’s Why

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY)’s share price hit a new 52-week low on Friday . The stock traded as low as $2.42 and last traded at $2.52, with a volume of 126532 shares. The stock had previously closed at $2.61.

Analysts Set New Price Targets

Several analysts have recently commented on HNNMY shares. Barclays cut shares of H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Hsbc Global Res lowered shares of H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, H & M Hennes & Mauritz AB (publ) currently has a consensus rating of “Hold”.

H & M Hennes & Mauritz AB (publ) Stock Down 3.4 %

The stock has a market capitalization of $17.84 billion, a P/E ratio of 18.00 and a beta of 1.39. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.14. The stock’s fifty day simple moving average is $2.67 and its two-hundred day simple moving average is $2.84.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its earnings results on Wednesday, March 26th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $56.15 billion. As a group, research analysts expect that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.