Hennes & Mauritz (OTCMKTS:HNNMY) Sees Large Volume Increase – Should You Buy?

Shares of Hennes & Mauritz AB (OTCMKTS:HNNMY) saw unusually-high trading volume on Tuesday . Approximately 295,575 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 130,524 shares.The stock last traded at $3.6250 and had previously closed at $3.55.

Analyst Ratings Changes

Several research firms recently issued reports on HNNMY. Oddo Bhf upgraded Hennes & Mauritz to a “neutral” rating in a research report on Thursday, December 18th. Barclays downgraded Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research report on Friday, February 13th. Citigroup restated a “neutral” rating on shares of Hennes & Mauritz in a report on Wednesday, February 25th. Dnb Carnegie downgraded shares of Hennes & Mauritz from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hennes & Mauritz in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Hennes & Mauritz currently has a consensus rating of “Hold”.

Hennes & Mauritz Trading Up 0.8%

The firm has a market cap of $26.30 billion, a P/E ratio of 23.31 and a beta of 1.24. The firm’s fifty day moving average is $3.91 and its two-hundred day moving average is $3.78. The company has a quick ratio of 0.60, a current ratio of 1.18 and a debt-to-equity ratio of 1.47.

Hennes & Mauritz (OTCMKTS:HNNMY) last issued its quarterly earnings data on Thursday, March 26th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Hennes & Mauritz had a net margin of 5.48% and a return on equity of 31.74%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.63 billion. Analysts predict that Hennes & Mauritz AB will post 0.15 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.