H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.99 and traded as low as $2.63. H & M Hennes & Mauritz AB (publ) shares last traded at $2.66, with a volume of 79,017 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on HNNMY. Redburn Atlantic downgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. Royal Bank of Canada lowered H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, H & M Hennes & Mauritz AB (publ) currently has a consensus rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Trading Up 1.5 %

The stock has a market capitalization of $18.83 billion, a P/E ratio of 22.17 and a beta of 1.43. The stock’s 50 day moving average price is $2.72 and its 200-day moving average price is $2.99. The company has a quick ratio of 0.55, a current ratio of 1.11 and a debt-to-equity ratio of 1.07.

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.