Hennes & Mauritz (OTCMKTS:HNNMY) Sees Unusually-High Trading Volume – What’s Next?

Hennes & Mauritz AB (OTCMKTS:HNNMY) saw unusually-high trading volume on Tuesday. 401,681 shares were traded during mid-day trading, an increase of 139% from the previous session’s volume of 167,915 shares. The stock last traded at $3.17 and had previously closed at $3.14.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HNNMY shares. Citigroup reiterated a “neutral” rating on shares of Hennes & Mauritz in a report on Tuesday, August 18th. Zacks Research raised shares of Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Hennes & Mauritz has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

The stock has a market capitalization of $22.40 billion, a P/E ratio of 18.76 and a beta of 1.17. The stock’s fifty day moving average is $3.49 and its 200-day moving average is $3.50. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 0.53.

Hennes & Mauritz (OTCMKTS:HNNMY) last posted its earnings results on Wednesday, September 23rd. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Hennes & Mauritz had a return on equity of 33.70% and a net margin of 5.94%.The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.84 billion. On average, equities analysts anticipate that Hennes & Mauritz AB will post 0.17 earnings per share for the current year.

Hennes & Mauritz Company Profile

Hennes & Mauritz AB, commonly known as H&M, is a Sweden-based fashion and retail company that sells clothing, accessories, footwear, beauty products and home furnishings. Its offerings are marketed through physical stores and digital sales channels, with products designed for women, men, teenagers and children.

Founded in 1947 by Erling Persson as a women’s clothing store called Hennes, the company later expanded into menswear and became Hennes & Mauritz following the acquisition of Mauritz Widforss in 1968.