Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Up – Still a Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY) gapped up before the market opened on Thursday . The stock had previously closed at $3.71, but opened at $3.8450. Hennes & Mauritz shares last traded at $3.8360, with a volume of 117,631 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on HNNMY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a report on Wednesday, September 3rd. Citigroup upgraded shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Hennes & Mauritz has a consensus rating of “Hold”.

Hennes & Mauritz Trading Up 0.6%

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 company has a market capitalization of $27.14 billion, a price-to-earnings ratio of 27.50 and a beta of 1.20. The business has a fifty day moving average price of $3.68 and a 200 day moving average price of $3.20.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Hennes & Mauritz had a net margin of 4.80% and a return on equity of 26.34%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $56.77 billion. On average, equities 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.