Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – Here’s What Happened

Hugo Boss (OTCMKTS:BOSSY) gapped down prior to trading on Thursday . The stock had previously closed at $8.87, but opened at $8.47. Hugo Boss shares last traded at $8.47, with a volume of 400 shares trading hands.

Analyst Ratings Changes

BOSSY has been the subject of several research reports. Kepler Capital Markets upgraded shares of Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Royal Bank Of Canada downgraded Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Hugo Boss Stock Performance

The firm has a market cap of $2.92 billion, a PE ratio of 11.76 and a beta of 0.63. The firm’s 50-day moving average price is $8.53 and its two-hundred day moving average price is $9.05.

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.