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

Samsonite Group S.A. (OTCMKTS:SMSEY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $10.73, but opened at $10.35. Samsonite Group shares last traded at $10.35, with a volume of 1,011 shares.

Analyst Upgrades and Downgrades

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

Samsonite Group Stock Performance

The stock has a market capitalization of $2.91 billion, a P/E ratio of 10.11 and a beta of 0.69. The company’s fifty day simple moving average is $10.79 and its 200 day simple moving average is $10.11. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87.

Samsonite Group (OTCMKTS:SMSEY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter. Samsonite Group had a return on equity of 20.98% and a net margin of 8.46%. As a group, sell-side analysts forecast that Samsonite Group S.A. will post 1.15 earnings per share for the current fiscal year.

Samsonite Group Company Profile

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.