Hennes & Mauritz (OTCMKTS:HNNMY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.74 and traded as high as $3.83. Hennes & Mauritz shares last traded at $3.83, with a volume of 183,017 shares trading hands.

Analyst Ratings Changes

Several brokerages have weighed in on HNNMY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Barclays downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Dnb Carnegie lowered Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a research report on Thursday, December 18th. Finally, Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. One research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Hennes & Mauritz Price Performance

The company has a debt-to-equity ratio of 1.47, a current ratio of 1.18 and a quick ratio of 0.60. The firm has a market capitalization of $25.80 billion, a P/E ratio of 22.88 and a beta of 1.19. The company’s 50 day moving average price is $3.96 and its 200 day moving average price is $3.74.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.35 billion. Hennes & Mauritz had a return on equity of 30.80% and a net margin of 5.46%. As a group, sell-side analysts anticipate that Hennes & Mauritz AB will post 0.15 EPS for the current fiscal 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.