Hemnet Group (OTCMKTS:HMNTY) Stock Price Up 5.9% – Time to Buy?

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) shares rose 5.9% during trading on Tuesday . The stock traded as high as $18.75 and last traded at $18.75. Approximately 300 shares traded hands during trading, a decline of 93% from the average daily volume of 4,522 shares. The stock had previously closed at $17.70.

Wall Street Analysts Forecast Growth

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

Hemnet Group Trading Up 1.9%

The firm has a 50-day simple moving average of $20.30 and a 200-day simple moving average of $25.28.

About Hemnet Group

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.