Hennes & Mauritz (OTCMKTS:HNNMY) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.66 and traded as high as $3.7050. Hennes & Mauritz shares last traded at $3.69, with a volume of 113,892 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have commented on HNNMY shares. Pareto Securities cut Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Zacks Research lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Hennes & Mauritz presently has an average rating of “Strong Sell”.

Hennes & Mauritz Stock Performance

The business has a fifty day moving average of $3.44 and a 200 day moving average of $3.66. The company has a market cap of $26.26 billion, a P/E ratio of 23.38 and a beta of 1.11. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 1.31.

Hennes & Mauritz (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.79 billion. On average, equities analysts predict 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.