H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Sets New 52-Week Low – Time to Sell?

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMYGet Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $2.42 and last traded at $2.52, with a volume of 126532 shares trading hands. The stock had previously closed at $2.61.

Analysts Set New Price Targets

Several analysts have recently weighed in on HNNMY shares. Barclays cut H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Hsbc Global Res lowered shares of H & M Hennes & Mauritz AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Report on HNNMY

H & M Hennes & Mauritz AB (publ) Stock Down 3.4 %

The stock has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.83. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.14 and a quick ratio of 0.55. The company has a market capitalization of $17.84 billion, a P/E ratio of 18.00 and a beta of 1.39.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMYGet Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. H & M Hennes & Mauritz AB (publ) had a net margin of 4.93% and a return on equity of 25.89%. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $56.15 billion. On average, research analysts predict that H & M Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

About H & M Hennes & Mauritz AB (publ)

(Get Free Report)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.

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