Hennes & Mauritz (OTCMKTS:HNNMY) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.52 and traded as high as $4.13. Hennes & Mauritz shares last traded at $4.1250, with a volume of 51,758 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hennes & Mauritz in a research note on Friday, January 30th. Citigroup raised shares of Hennes & Mauritz from a “sell” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Oddo Bhf raised shares of Hennes & Mauritz to a “neutral” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Hennes & Mauritz Stock Performance

The stock has a market capitalization of $29.08 billion, a price-to-earnings ratio of 25.78 and a beta of 1.21. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.46 and a current ratio of 1.00. The stock has a fifty day simple moving average of $3.89 and a two-hundred day simple moving average of $3.52.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its earnings results on Thursday, January 29th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.35 billion. Hennes & Mauritz had a return on equity of 31.43% and a net margin of 5.46%. Analysts forecast that Hennes & Mauritz AB will post 0.15 earnings per share 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.