Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Time to 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 trading hands.

Analyst Ratings Changes

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

Hugo Boss Price Performance

The business has a fifty day moving average price of $8.76 and a 200 day moving average price of $9.32. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 12.02 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. The company had revenue of $1.14 billion for 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, sell-side analysts predict 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.