H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays upgraded shares of H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. 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. Finally, Royal Bank of Canada cut H & M Hennes & Mauritz AB (publ) from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 26th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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

The company has a 50-day moving average of $2.71 and a 200 day moving average of $2.98. 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 firm has a market cap of $18.91 billion, a P/E ratio of 22.25 and a beta of 1.43.

H & M Hennes & Mauritz AB (publ) Company Profile

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.