Hugo Boss (OTCMKTS:BOSSY) Trading Down 9.2% – Here’s What Happened

Hugo Boss (OTCMKTS:BOSSY)’s stock price was down 9.2% on Wednesday . The company traded as low as $8.05 and last traded at $8.05. Approximately 100 shares traded hands during trading, a decline of 98% from the average daily volume of 4,446 shares. The stock had previously closed at $8.87.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research report on Monday, December 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hugo Boss presently has an average rating of “Hold”.

Hugo Boss Stock Performance

The business’s fifty day moving average price is $8.74 and its 200-day moving average price is $9.31. The stock has a market cap of $2.78 billion, a PE ratio of 11.18 and a beta of 0.63.

Hugo Boss (OTCMKTS:BOSSY) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Hugo Boss had a net margin of 5.31% and a return on equity of 15.59%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Analysts forecast that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Hugo Boss Company Profile

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.