Hennes & Mauritz (OTCMKTS:HNNMY) Shares Gap Down – Time to Sell?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.53, but opened at $3.3240. Hennes & Mauritz shares last traded at $3.3340, with a volume of 5,526 shares trading hands.

Analyst Ratings Changes

HNNMY has been the topic of a number of research reports. Dnb Carnegie lowered Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Barclays cut Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hennes & Mauritz presently has an average rating of “Hold”.

Hennes & Mauritz Price Performance

The company has a quick ratio of 0.58, a current ratio of 1.18 and a debt-to-equity ratio of 1.08. The company has a market cap of $23.62 billion, a PE ratio of 20.94 and a beta of 1.10. The stock has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $3.81.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Thursday, March 26th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Hennes & Mauritz had a return on equity of 30.79% and a net margin of 5.48%.The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.63 billion. Equities analysts expect that Hennes & Mauritz AB will post 0.17 EPS for the current 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.