H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Price Passes Below 200-Day Moving Average of $3.13

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.13 and traded as low as $2.96. H & M Hennes & Mauritz AB (publ) shares last traded at $2.98, with a volume of 17,317 shares changing hands.

Analysts Set New Price Targets

HNNMY has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded H & M Hennes & Mauritz AB (publ) from a “sector perform” rating to an “outperform” rating in a report on Friday, May 17th. HSBC raised shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “buy” rating in a research note on Friday, July 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of H & M Hennes & Mauritz AB (publ) from a “sell” rating to a “buy” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, H & M Hennes & Mauritz AB (publ) currently has a consensus rating of “Moderate Buy”.

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

The firm has a market capitalization of $21.10 billion, a P/E ratio of 22.92 and a beta of 1.43. The stock’s fifty day simple moving average is $3.07 and its 200 day simple moving average is $3.13. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.08 and a quick ratio of 0.55.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings results on Wednesday, June 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. H & M Hennes & Mauritz AB (publ) had a net margin of 4.70% and a return on equity of 24.48%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.58 billion. On average, equities research analysts predict that H & M Hennes & Mauritz AB will post 0.16 EPS for the current 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.