Hemnet Group (OTCMKTS:HMNTY) Sets New 12-Month Low – Here’s Why

Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $15.00 and last traded at $15.00, with a volume of 3151 shares changing hands. The stock had previously closed at $16.00.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HMNTY shares. Exane BNP Paribas downgraded Hemnet Group to an “underperform” rating in a report on Monday, January 26th. Cantor Fitzgerald downgraded shares of Hemnet Group to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of Hemnet Group to a “hold” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Hemnet Group presently has a consensus rating of “Sell”.

Hemnet Group Price Performance

The business has a 50-day simple moving average of $17.86 and a two-hundred day simple moving average of $22.80.

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.