Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase – Should You Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY) saw unusually-strong trading volume on Friday . Approximately 350,080 shares traded hands during trading, an increase of 215% from the previous session’s volume of 111,148 shares.The stock last traded at $3.79 and had previously closed at $3.80.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HNNMY shares. Zacks Research raised Hennes & Mauritz from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hennes & Mauritz in a research report on Wednesday, September 3rd. Berenberg Bank raised Hennes & Mauritz to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Citigroup reissued a “sell” rating on shares of Hennes & Mauritz in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Hennes & Mauritz Trading Down 0.3%

The stock has a market cap of $26.72 billion, a P/E ratio of 27.07 and a beta of 1.35. The company has a current ratio of 1.00, a quick ratio of 0.46 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $3.33 and a two-hundred day moving average price of $2.99.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $56.77 billion. Hennes & Mauritz had a return on equity of 26.34% and a net margin of 4.80%. On average, research analysts expect that Hennes & Mauritz AB will post 0.15 EPS for the current fiscal year.

Hennes & Mauritz 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.