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

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares saw unusually-high trading volume on Tuesday . 118,496 shares were traded during trading, a decline of 18% from the previous session’s volume of 144,690 shares.The stock last traded at $3.38 and had previously closed at $3.35.

Analyst Ratings Changes

Separately, Pareto Securities cut Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Hennes & Mauritz Stock Down 1.5%

The company has a current ratio of 1.18, a quick ratio of 0.58 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $23.48 billion, a PE ratio of 20.81 and a beta of 1.09. The firm has a 50 day simple moving average of $3.48 and a two-hundred day simple moving average of $3.74.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its earnings results on Thursday, June 25th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 30.28% and a net margin of 5.55%.The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.79 billion. Research analysts expect that Hennes & Mauritz AB will post 0.17 EPS for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.