Hemnet Group (OTCMKTS:HMNTY) Shares Gap Down – What’s Next?

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $13.66, but opened at $12.77. Hemnet Group shares last traded at $12.60, with a volume of 2,593 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HMNTY shares. Cantor Fitzgerald cut Hemnet Group to a “strong sell” rating in a research note on Tuesday, January 27th. BNP Paribas Exane cut Hemnet Group to an “underperform” rating in a report on Monday, January 26th. Finally, Zacks Research upgraded Hemnet Group to a “hold” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hemnet Group Price Performance

The business’s 50-day simple moving average is $17.05 and its two-hundred day simple moving average is $21.55.

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.