Hennes & Mauritz (OTCMKTS:HNNMY) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Hennes & Mauritz AB (OTCMKTS:HNNMY)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.46 and traded as low as $3.38. Hennes & Mauritz shares last traded at $3.39, with a volume of 194,204 shares changing hands.

Analyst Ratings Changes

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

Hennes & Mauritz Price Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.07 and a quick ratio of 0.58. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 21.10 and a beta of 1.10. The stock has a 50-day moving average price of $3.44 and a 200 day moving average price of $3.72.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly 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). The business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. As a group, equities research analysts forecast that Hennes & Mauritz AB will post 0.17 earnings per share for the current fiscal year.

About Hennes & Mauritz

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.