H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Shares Pass Below 200-Day Moving Average - What's Next?

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.19 and traded as low as $2.71. H & M Hennes & Mauritz AB (publ) shares last traded at $2.71, with a volume of 18,200 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HNNMY. Barclays raised shares of H & M Hennes & Mauritz AB (publ) to a "strong-buy" rating in a research report on Friday, September 27th. Redburn Atlantic downgraded 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

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

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.11 and a quick ratio of 0.55. The company has a market capitalization of $19.21 billion, a P/E ratio of 22.92 and a beta of 1.45. The company has a fifty day moving average price of $3.15 and a two-hundred day moving average price of $3.19.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $5.61 billion during 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%. Equities analysts forecast 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 company 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 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 payout ratio is currently 58.34%.

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.