Hugo Boss (OTCMKTS:BOSSY) Sees Strong Trading Volume – Here’s What Happened

Hugo Boss (OTCMKTS:BOSSY) shares saw strong trading volume on Monday . 3,014 shares traded hands during trading, an increase of 82% from the previous session’s volume of 1,653 shares.The stock last traded at $8.3550 and had previously closed at $8.6050.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BOSSY shares. Royal Bank Of Canada downgraded shares of Hugo Boss from an “outperform” rating to a “sector perform” rating in a research note on Monday, January 26th. Kepler Capital Markets upgraded Hugo Boss to a “hold” rating in a research note on Monday, December 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Hugo Boss Stock Performance

The firm has a fifty day simple moving average of $8.51 and a 200-day simple moving average of $8.96. The company has a market capitalization of $2.88 billion, a PE ratio of 11.60 and a beta of 0.62.

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.