Hennes & Mauritz (OTCMKTS:HNNMY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) saw unusually-high trading volume on Wednesday . 451,782 shares changed hands during trading, an increase of 210% from the previous session’s volume of 145,960 shares.The stock last traded at $3.60 and had previously closed at $3.65.

Analyst Upgrades and Downgrades

HNNMY has been the topic of several research reports. Zacks Research cut Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Pareto Securities downgraded Hennes & Mauritz to a “sell” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hennes & Mauritz currently has a consensus rating of “Strong Sell”.

Hennes & Mauritz Stock Performance

The firm’s 50-day moving average price is $3.45 and its two-hundred day moving average price is $3.65. The firm has a market capitalization of $25.22 billion, a PE ratio of 22.45 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 issued 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 firm 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, research analysts predict that Hennes & Mauritz AB will post 0.17 earnings per share for the current fiscal 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.