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

Samsonite Group S.A. (OTCMKTS:SMSEY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.40, but opened at $11.70. Samsonite Group shares last traded at $11.70, with a volume of 673 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SMSEY shares. Jefferies Financial Group raised shares of Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. UBS Group upgraded Samsonite Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Samsonite Group Trading Down 1.9%

The firm’s fifty day moving average price is $12.76 and its 200-day moving average price is $11.51. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 11.06 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.

Samsonite Group (OTCMKTS:SMSEY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter. Samsonite Group had a net margin of 8.68% and a return on equity of 19.92%. The firm had revenue of $872.70 million for the quarter. On average, equities analysts expect that Samsonite Group S.A. will post 1.15 EPS for the current fiscal year.

About Samsonite Group

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.