Hennes & Mauritz (OTCMKTS:HNNMY) Sees Unusually-High Trading Volume – Here’s Why

Hennes & Mauritz AB (OTCMKTS:HNNMY) shares saw unusually-strong trading volume on Wednesday . Approximately 451,782 shares traded hands during trading, an increase of 210% from the previous session’s volume of 145,960 shares.The stock last traded at $3.60 and had previously closed at $3.65.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HNNMY shares. Pareto Securities lowered shares of Hennes & Mauritz to a “sell” rating in a research note on Friday, June 26th. Zacks Research lowered shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Three analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.

Hennes & Mauritz Stock Performance

The firm has a 50-day simple moving average of $3.45 and a two-hundred day simple moving average of $3.65. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of 22.45 and a beta of 1.11.

Hennes & Mauritz (OTCMKTS:HNNMY) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.79 billion. Hennes & Mauritz had a net margin of 5.55% and a return on equity of 31.51%. As a group, sell-side analysts forecast that Hennes & Mauritz AB will post 0.17 earnings per share for the current fiscal 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.