H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.22 and traded as low as $2.84. H & M Hennes & Mauritz AB (publ) shares last traded at $2.84, with a volume of 41,934 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on HNNMY shares. Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. Redburn Atlantic downgraded shares of H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, H & M Hennes & Mauritz AB (publ) has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Performance

The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.55 and a current ratio of 1.11. The stock’s fifty day moving average is $3.20 and its two-hundred day moving average is $3.22. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 23.67 and a beta of 1.45.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last released its quarterly earnings results on Thursday, September 26th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a net margin of 4.30% and a return on equity of 23.03%. On average, analysts expect that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

H & M Hennes & Mauritz AB (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. H & M Hennes & Mauritz AB (publ)’s dividend payout ratio is presently 66.67%.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.