Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Should You Sell?

Hugo Boss (OTCMKTS:BOSSY) gapped down before the market opened on Tuesday . The stock had previously closed at $8.87, but opened at $8.6550. Hugo Boss shares last traded at $8.6550, with a volume of 180 shares.

Analyst Ratings Changes

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

Hugo Boss Stock Down 2.4%

The firm’s 50 day simple moving average is $8.76 and its two-hundred day simple moving average is $9.32. The stock has a market capitalization of $2.99 billion, a P/E ratio of 12.02 and a beta of 0.63.

Hugo Boss (OTCMKTS:BOSSY) last issued its earnings results on Tuesday, November 4th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.01 billion. Hugo Boss had a return on equity of 15.59% and a net margin of 5.31%. As a group, equities research analysts expect that Hugo Boss will post 0.63 earnings per share for the current year.

About Hugo Boss

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.