Hennes & Mauritz (OTCMKTS:HNNMY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.74 and traded as high as $3.83. Hennes & Mauritz shares last traded at $3.83, with a volume of 183,017 shares trading hands.

Analyst Upgrades and Downgrades

HNNMY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. Barclays cut shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Friday, February 13th. Citigroup reissued a “neutral” rating on shares of Hennes & Mauritz in a research note on Wednesday, February 25th. Dnb Carnegie cut Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Finally, Oddo Bhf raised Hennes & Mauritz to a “neutral” rating in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Hennes & Mauritz Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.60 and a debt-to-equity ratio of 1.47. The stock’s 50 day moving average is $3.96 and its 200 day moving average is $3.74. The stock has a market capitalization of $27.00 billion, a price-to-earnings ratio of 23.94 and a beta of 1.19.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its earnings results on Thursday, January 29th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Hennes & Mauritz had a net margin of 5.46% and a return on equity of 30.80%. The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.35 billion. On average, analysts predict that Hennes & Mauritz AB will post 0.15 earnings per share for the current year.

About Hennes & Mauritz

Hennes & Mauritz AB, commonly known as H&M, is a Swedish multinational fashion retailer that designs, sources and sells ready-to-wear clothing, accessories and home textiles. The company traces its roots to 1947, when Erling Persson opened a women’s clothing store called Hennes (“hers”) in Västerås, Sweden; the business expanded into menswear after the acquisition of a Stockholm-based retailer, Mauritz Widforss, in the late 1960s, which led to the Hennes & Mauritz name. Today the company is headquartered in Stockholm and operates a global retail business built around multiple branded concepts.

H&M’s core activities include product design, sourcing and retailing of fashion for women, men, teenagers and children, as well as home goods under its H&M Home line.