Hennes & Mauritz (OTCMKTS:HNNMY) Sees Strong Trading Volume – Should You Buy?

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares saw unusually-strong trading volume on Tuesday . 118,496 shares changed hands during trading, a decline of 18% from the previous session’s volume of 144,690 shares.The stock last traded at $3.38 and had previously closed at $3.35.

Wall Street Analyst Weigh In

Separately, Pareto Securities downgraded Hennes & Mauritz to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Hennes & Mauritz Price Performance

The company has a debt-to-equity ratio of 1.08, a current ratio of 1.18 and a quick ratio of 0.58. The stock has a market cap of $23.87 billion, a P/E ratio of 21.16 and a beta of 1.09. The company’s 50 day simple moving average is $3.50 and its 200 day simple moving average is $3.75.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Hennes & Mauritz had a return on equity of 30.28% and a net margin of 5.55%.The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.79 billion. As a group, equities analysts forecast that Hennes & Mauritz AB will post 0.17 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.