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

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.6050, but opened at $8.00. Hugo Boss shares last traded at $8.00, with a volume of 783 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on BOSSY. Kepler Capital Markets raised shares of Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Royal Bank Of Canada lowered shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Hugo Boss Stock Performance

The firm has a market capitalization of $2.91 billion, a PE ratio of 11.73 and a beta of 0.62. The stock has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.97.

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.