H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Shares Cross Above Two Hundred Day Moving Average of $2.19

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.19 and traded as high as $2.47. H & M Hennes & Mauritz AB (publ) shares last traded at $2.45, with a volume of 23,397 shares changing hands.

Wall Street Analysts Forecast Growth

HNNMY has been the subject of a number of recent research reports. AlphaValue upgraded shares of H & M Hennes & Mauritz AB (publ) to a “reduce” rating in a research report on Thursday, February 9th. Credit Suisse Group cut their price objective on shares of H & M Hennes & Mauritz AB (publ) from SEK 85 to SEK 80 in a research report on Wednesday, December 7th. The Goldman Sachs Group upgraded shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “neutral” rating in a research report on Thursday, December 1st. Morgan Stanley restated an “underweight” rating on shares of H & M Hennes & Mauritz AB (publ) in a research report on Friday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research report on Monday, January 30th. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, H & M Hennes & Mauritz AB (publ) presently has a consensus rating of “Hold” and an average target price of $119.88.

H & M Hennes & Mauritz AB (publ) Trading Down 3.2 %

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.16 and a quick ratio of 0.54. The company has a market cap of $20.27 billion, a PE ratio of 49.00 and a beta of 1.33. The company’s 50 day simple moving average is $2.41 and its two-hundred day simple moving average is $2.19.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY – Get Rating) last posted its quarterly earnings data on Friday, January 27th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). H & M Hennes & Mauritz AB (publ) had a net margin of 1.67% and a return on equity of 6.52%. The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.64 billion. As a group, sell-side analysts anticipate that H & M Hennes & Mauritz AB will post 0.1 EPS for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Company Profile

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H&M Hennes & Mauritz AB engages in the sale of clothing, accessories, footwear, cosmetics, and home textiles. The company offers accessories, underwear, cosmetics, sportswear, and other apparels for men, women, and kids. Its geographical segments include Asia and Oceania, Europe and Africa, and North and South America.