Hemnet Group (OTCMKTS:HMNTY) Hits New 1-Year Low – Should You Sell?

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $13.4350 and last traded at $13.4350, with a volume of 156 shares traded. The stock had previously closed at $14.95.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HMNTY shares. Cantor Fitzgerald cut shares of Hemnet Group to a “strong sell” rating in a research note on Tuesday, January 27th. BNP Paribas Exane lowered Hemnet Group to an “underperform” rating in a research report on Monday, January 26th. Finally, Zacks Research raised Hemnet Group to a “hold” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Hemnet Group Trading Down 6.4%

The stock’s fifty day moving average price is $16.92 and its 200-day moving average price is $21.49.

Hemnet Group Company Profile

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.