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

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.7970, but opened at $3.5950. Hennes & Mauritz shares last traded at $3.60, with a volume of 3,883 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HNNMY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a research note on Wednesday, September 3rd. Berenberg Bank raised Hennes & Mauritz to a “strong-buy” rating in a research note on Friday, August 1st. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Citigroup restated a “sell” rating on shares of Hennes & Mauritz in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Hennes & Mauritz Trading Down 2.2%

The business’s 50 day simple moving average is $3.57 and its 200 day simple moving average is $3.10. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 25.64 and a beta of 1.34. The company has a quick ratio of 0.46, a current ratio of 1.00 and a debt-to-equity ratio of 1.16.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $56.77 billion. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.34%. On average, research analysts expect that Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

Hennes & Mauritz Company Profile

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.