Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – What’s Next?

Hugo Boss (OTCMKTS:BOSSY) shares gapped down prior to trading on Monday . The stock had previously closed at $8.86, but opened at $8.21. Hugo Boss shares last traded at $8.21, with a volume of 505 shares.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “neutral” rating on shares of Hugo Boss in a research note on Monday, May 11th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hugo Boss Trading Down 1.8%

The company has a 50 day moving average price of $8.60 and a 200 day moving average price of $8.55. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 11.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.63.

Hugo Boss (OTCMKTS:BOSSY) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.19). Hugo Boss had a net margin of 5.56% and a return on equity of 16.12%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, research analysts expect that Hugo Boss will post 0.65 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.