Hemnet Group (OTCMKTS:HMNTY) Shares Gap Down – Here’s Why
by Scott Moore · The Cerbat GemShares of Hemnet Group AB – Unsponsored ADR (OTCMKTS:HMNTY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $17.50, but opened at $16.94. Hemnet Group shares last traded at $16.8880, with a volume of 850 shares traded.
Analysts Set New Price Targets
A number of equities analysts have weighed in on HMNTY shares. Cantor Fitzgerald raised Hemnet Group to a “hold” rating in a research report on Wednesday, September 17th. Zacks Research upgraded shares of Hemnet Group to a “hold” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Hemnet Group
Hemnet Group Trading Down 3.5%
The stock’s fifty day moving average is $18.73 and its two-hundred day moving average is $24.08.
About Hemnet Group
Hemnet Group AB (OTCMKTS: HMNTY) is a leading digital real estate marketplace based in Stockholm, Sweden. The company operates Sweden’s largest property portal, offering homebuyers, sellers and real estate agents a centralized platform for residential property listings. Through its website and mobile applications, Hemnet facilitates the search for homes for sale and rent, providing detailed property descriptions, high-resolution images and interactive maps to help users make informed decisions.
Since its founding in 1998, Hemnet has expanded its services beyond basic listings to include market analysis tools, pricing estimates and trend reports that offer insights into regional property values and sales activity.