H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Reaches New 12-Month Low – Should You Sell?

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) hit a new 52-week low on Friday . The stock traded as low as $2.42 and last traded at $2.52, with a volume of 126532 shares changing hands. The stock had previously closed at $2.61.

Wall Street Analysts Forecast Growth

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

H & M Hennes & Mauritz AB (publ) Stock Performance

The stock has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $2.83. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.55 and a current ratio of 1.14. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of 18.00 and a beta of 1.39.

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

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

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.