H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.94 and traded as low as $2.66. H & M Hennes & Mauritz AB (publ) shares last traded at $2.68, with a volume of 24,280 shares.

Analyst Ratings Changes

HNNMY has been the topic of a number of analyst reports. Redburn Atlantic lowered H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. Royal Bank of Canada downgraded shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, H & M Hennes & Mauritz AB (publ) currently has a consensus rating of “Moderate Buy”.

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

The stock has a 50 day simple moving average of $2.69 and a two-hundred day simple moving average of $2.94. The company has a market capitalization of $18.98 billion, a price-to-earnings ratio of 19.14 and a beta of 1.43. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its earnings results on Wednesday, January 29th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. H & M Hennes & Mauritz AB (publ) had a return on equity of 26.25% and a net margin of 4.93%. As a group, analysts anticipate that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

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.