Hennes & Mauritz (OTCMKTS:HNNMY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) saw strong trading volume on Wednesday. Approximately 175,919 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 178,547 shares. The stock last traded at $3.44 and had previously closed at $3.48.

Analysts Set New Price Targets

A number of equities analysts recently commented on HNNMY shares. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Pareto Securities lowered Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Finally, Zacks Research upgraded Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Hennes & Mauritz currently has an average rating of “Reduce”.

Hennes & Mauritz Stock Performance

The stock has a market capitalization of $24.26 billion, a P/E ratio of 20.32 and a beta of 1.17. The stock’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.48. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 0.59.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. Hennes & Mauritz had a net margin of 5.94% and a return on equity of 33.70%. Research analysts expect that Hennes & Mauritz AB will post 0.17 EPS for the current fiscal year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M Group, is a Swedish fashion and retail company that designs, sources and sells clothing, accessories, footwear, beauty products and home furnishings. Its brands serve a broad range of customers through physical stores, digital platforms and e-commerce channels.

The company’s portfolio includes H&M, COS, Weekday, & Other Stories, ARKET and other fashion and lifestyle concepts. H&M is known for offering trend-focused apparel and accessories, while the group’s other brands generally target distinct segments ranging from contemporary and premium fashion to home goods and resale.

H&M was founded in 1947 by Erling Persson in Västerås, Sweden, originally under the name Hennes.