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

Samsonite Group S.A. (OTCMKTS:SMSEY) gapped down before the market opened on Wednesday . The stock had previously closed at $11.84, but opened at $10.9180. Samsonite Group shares last traded at $10.9180, with a volume of 900 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. UBS Group upgraded shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two equities research 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, Samsonite Group presently has a consensus rating of “Buy”.

Samsonite Group Stock Down 2.1%

The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $11.81. The stock has a market cap of $3.03 billion, a P/E ratio of 10.13 and a beta of 0.67.

Samsonite Group Company Profile

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.