Samsonite Group (OTCMKTS:SMSEY) Shares Gap Up – Time to Buy?

Samsonite Group S.A. (OTCMKTS:SMSEY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $12.3775, but opened at $12.8050. Samsonite Group shares last traded at $12.8050, with a volume of 414 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. UBS Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Samsonite Group Stock Up 2.2%

The company has a market cap of $3.55 billion, a P/E ratio of 11.83 and a beta of 0.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.13 and a quick ratio of 0.70. The business’s 50 day moving average price is $11.77 and its 200-day moving average price is $10.85.

Samsonite Group (OTCMKTS:SMSEY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 EPS for the quarter. Samsonite Group had a return on equity of 19.92% and a net margin of 8.68%.The business had revenue of $872.70 million for the quarter. On average, analysts anticipate 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.