Hemnet Group (OTCMKTS:HMNTY) Reaches New 1-Year Low – Should You Sell?

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) reached a new 52-week low during trading on Tuesday . The stock traded as low as $13.4350 and last traded at $13.4350, with a volume of 156 shares changing hands. The stock had previously closed at $14.95.

Analyst Ratings Changes

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

Hemnet Group Price Performance

The company has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $21.71.

Hemnet Group Company Profile

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.