H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.15 and traded as low as $2.78. H & M Hennes & Mauritz AB (publ) shares last traded at $2.80, with a volume of 68,278 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Royal Bank of Canada lowered shares of H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Barclays raised shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a report on Friday, September 27th. Finally, 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 analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

H & M Hennes & Mauritz AB (publ) Stock Down 0.4 %

The stock’s fifty day simple moving average is $2.97 and its 200-day simple moving average is $3.14. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $19.76 billion, a PE ratio of 23.25 and a beta of 1.43.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last issued 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 company had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.84 billion. H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. As a group, sell-side analysts forecast that H & M Hennes & Mauritz AB will post 0.14 EPS for the current fiscal year.

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

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were paid a $0.0625 dividend. This is a boost from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06. The ex-dividend date was Friday, November 8th. H & M Hennes & Mauritz AB (publ)’s payout ratio is currently 58.34%.

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.