Samsonite Group (OTCMKTS:SMSEY) Shares Gap Down – Here’s What Happened

Samsonite Group S.A. (OTCMKTS:SMSEY) gapped down prior to trading on Wednesday . The stock had previously closed at $13.44, but opened at $13.08. Samsonite Group shares last traded at $13.2605, with a volume of 587 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SMSEY. Jefferies Financial Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. UBS Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Samsonite Group has an average rating of “Buy”.

Samsonite Group Stock Performance

The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 12.28 and a beta of 0.67. The stock’s fifty day simple moving average is $12.57 and its 200-day simple moving average is $11.31.

Samsonite Group (OTCMKTS:SMSEY) last released its earnings results on Wednesday, November 12th. The company reported $0.23 EPS for the quarter. The firm had revenue of $872.70 million during the quarter. Samsonite Group had a return on equity of 19.92% and a net margin of 8.68%. Analysts predict that Samsonite Group S.A. will post 1.15 EPS for the current year.

About Samsonite Group

Samsonite Group (OTCMKTS: SMSEY) is a leading global designer and manufacturer of luggage, travel bags and accessories. The company’s product portfolio spans hard‐side and soft‐side suitcases, business cases, backpacks, travel accessories and outdoor gear. With a broad range of innovative materials and features such as lightweight polycarbonate shells, integrated locks and expansion capabilities, Samsonite serves both leisure and corporate travelers seeking durability, functionality and style.

Headquartered in Luxembourg, Samsonite distributes its products through a diversified network of over 1,000 direct‐to‐consumer retail outlets, e-commerce platforms and wholesale partnerships.