Samsonite Group (OTCMKTS:SMSEY) Sees Large Volume Increase – What’s Next?

Shares of Samsonite Group S.A. (OTCMKTS:SMSEY) saw an uptick in trading volume on Tuesday . 98,697 shares traded hands during mid-day trading, an increase of 148% from the previous session’s volume of 39,862 shares.The stock last traded at $10.90 and had previously closed at $10.91.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Samsonite Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Samsonite Group has a consensus rating of “Buy”.

Samsonite Group Trading Up 0.5%

The company has a current ratio of 1.60, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average is $10.21 and its 200-day moving average is $10.41. The firm has a market capitalization of $3.04 billion, a P/E ratio of 10.54 and a beta of 0.70.

Samsonite Group (OTCMKTS:SMSEY) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.25 earnings per share for the quarter. Samsonite Group had a net margin of 8.46% and a return on equity of 20.66%. The firm had revenue of $865.00 million during the quarter, compared to the consensus estimate of $863.00 million. As a group, sell-side analysts anticipate that Samsonite Group S.A. will post 1.15 earnings per share for the current fiscal year.

About Samsonite Group

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.