Samsonite Group (OTCMKTS:SMSEY) Trading Down 8.5% – Here’s What Happened

Samsonite Group S.A. (OTCMKTS:SMSEY) traded down 8.5% during mid-day trading on Monday . The company traded as low as $9.88 and last traded at $9.88. 100 shares were traded during mid-day trading, a decline of 99% from the average session volume of 16,055 shares. The stock had previously closed at $10.80.

Samsonite Group Stock Performance

The stock’s 50-day simple moving average is $12.27 and its 200-day simple moving average is $11.82. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 9.21 and a beta of 0.67. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87.

Samsonite Group (OTCMKTS:SMSEY) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.38 earnings per share for the quarter. The company had revenue of $963.30 million during the quarter. Samsonite Group had a net margin of 8.27% and a return on equity of 19.58%. Analysts forecast that Samsonite Group S.A. will post 1.15 earnings per share for the current fiscal year.

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.