Hemnet Group (OTCMKTS:HMNTY) Trading Down 10.4% – Here’s Why

Shares of Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) fell 10.4% during trading on Friday . The company traded as low as $17.75 and last traded at $17.75. 1,098 shares traded hands during trading, a decline of 76% from the average session volume of 4,554 shares. The stock had previously closed at $19.80.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald upgraded Hemnet Group to a “hold” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hemnet Group has a consensus rating of “Hold”.

Hemnet Group Stock Performance

The firm’s 50 day simple moving average is $20.52 and its 200-day simple moving average is $25.53.

About Hemnet Group

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.