Samsonite Group (OTCMKTS:SMSEY) Shares Gap Up – Time to Buy?

Samsonite Group S.A. (OTCMKTS:SMSEY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $12.3775, but opened at $12.8050. Samsonite Group shares last traded at $12.8050, with a volume of 414 shares.

Analysts Set New Price Targets

SMSEY has been the topic of a number of analyst reports. Jefferies Financial Group raised Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. UBS Group upgraded Samsonite Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Two analysts have 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 currently has a consensus rating of “Buy”.

Samsonite Group Stock Performance

The firm has a fifty day simple moving average of $11.77 and a 200 day simple moving average of $10.85. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 11.83 and a beta of 0.67.

Samsonite Group (OTCMKTS:SMSEY) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter. The company had revenue of $872.70 million for the quarter. Samsonite Group had a return on equity of 19.92% and a net margin of 8.68%. As a group, sell-side analysts expect that Samsonite Group S.A. will post 1.15 earnings per share for the current 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.