Hemnet Group (OTCMKTS:HMNTY) Reaches New 12-Month Low – Here’s What Happened

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $12.2775 and last traded at $12.2775, with a volume of 459 shares trading hands. The stock had previously closed at $12.7850.

Analyst Upgrades and Downgrades

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

Hemnet Group Stock Performance

The firm has a 50 day moving average of $16.18 and a 200 day moving average of $20.84.

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.