Hemnet Group (OTCMKTS:HMNTY) Stock Price Down 10.4% – Here’s What Happened

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY)’s stock price was down 10.4% during trading on Friday . The stock traded as low as $17.75 and last traded at $17.75. Approximately 1,098 shares traded hands during trading, a decline of 76% from the average daily volume of 4,554 shares. The stock had previously closed at $19.80.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised shares of Hemnet Group to a “hold” rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hemnet Group Stock Performance

The firm has a 50 day moving average price of $20.52 and a two-hundred day moving average price of $25.53.

Hemnet Group Company Profile

Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.

Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.