H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.11 and traded as low as $2.65. H & M Hennes & Mauritz AB (publ) shares last traded at $2.70, with a volume of 125,253 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HNNMY. 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 lowered 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. Finally, Barclays upgraded shares of 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 given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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

The business’s 50 day simple moving average is $2.92 and its 200-day simple moving average is $3.11. The stock has a market capitalization of $19.12 billion, a price-to-earnings ratio of 22.50 and a beta of 1.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last announced its earnings results on Thursday, September 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. Research analysts anticipate that H & M Hennes & Mauritz AB will post 0.14 earnings per share for the current year.

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

The firm also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were issued a dividend of $0.0625 per share. This is a boost from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date was Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio (DPR) is presently 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.