Hemnet Group (OTCMKTS:HMNTY) Sets New 1-Year Low – Here’s Why

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) hit a new 52-week low on Monday . The stock traded as low as $15.93 and last traded at $15.93, with a volume of 150 shares changing hands. The stock had previously closed at $16.50.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HMNTY shares. Zacks Research raised shares of Hemnet Group to a “hold” rating in a report on Thursday, January 8th. Exane BNP Paribas cut shares of Hemnet Group to an “underperform” rating in a research note on Monday. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hemnet Group presently has a consensus rating of “Reduce”.

Hemnet Group Stock Performance

The firm’s fifty day moving average price is $18.14 and its 200-day moving average price is $23.38.

About Hemnet Group

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.