H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Hits New 12-Month Low – Time to Sell?

Shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) reached a new 52-week low on Tuesday . The company traded as low as $2.46 and last traded at $2.61, with a volume of 362464 shares traded. The stock had previously closed at $2.62.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HNNMY shares. Redburn Atlantic cut shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Royal Bank of Canada lowered H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Trading Down 1.5 %

The firm has a market cap of $18.20 billion, a P/E ratio of 21.42 and a beta of 1.43. The business’s 50-day moving average is $2.77 and its two-hundred day moving average is $3.03. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio is 58.33%.

About H & M Hennes & Mauritz AB (publ)

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.