Hennes & Mauritz (OTCMKTS:HNNMY) Shares Down 5.5% – Should You Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price dropped 5.5% during trading on Wednesday. The company traded as low as $3.4125 and last traded at $3.4125. Approximately 587 shares changed hands during trading, a decline of 100% from the average session volume of 177,131 shares. The stock had previously closed at $3.61.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HNNMY. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Hennes & Mauritz Stock Performance

The stock’s fifty day moving average price is $3.38 and its two-hundred day moving average price is $3.59. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 1.13. The company has a market cap of $24.54 billion, a P/E ratio of 20.56 and a beta of 1.20.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. As a group, equities analysts predict that Hennes & Mauritz AB will post 0.17 earnings per share for the current year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company. Erling Persson founded the business in 1947 in Västerås, Sweden, initially selling women’s clothing under the name Hennes. In 1968, the company acquired the hunting and fishing retailer Mauritz Widforss, adding menswear and adopting the Hennes & Mauritz name. The company sells clothing, footwear, accessories, beauty products and home furnishings through its retail stores and online platforms. Its brand portfolio includes H&M, COS, Weekday, & Other Stories and ARKET, serving customers across markets in Europe, North America, Asia and other regions.