Samsonite Group (OTCMKTS:SMSEY) Sees Large Volume Increase - Time to Buy?

Key Points

• Samsonite Group experienced a significant trading volume increase of 409%, with approximately 231,981 shares traded on Tuesday compared to the previous session.
• Zacks Research upgraded the company's rating from a "strong sell" to a "hold", with a current average rating of "Buy" from analysts.
• In its latest earnings report, Samsonite Group posted $865 million in revenue, slightly exceeding analyst estimates, and an earnings per share of $0.25.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) shares saw strong trading volume on Tuesday . 231,981 shares traded hands during mid-day trading, an increase of 409% from the previous session's volume of 45,559 shares.The stock last traded at $10.92 and had previously closed at $11.14.

Analyst Ratings Changes

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

Samsonite Group Trading Down 0.3%

The company has a market cap of $2.97 billion, a price-to-earnings ratio of 10.32 and a beta of 0.70. The company's fifty day moving average price is $10.51 and its two-hundred day moving average price is $10.23. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 1.09.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $865.00 million during the quarter, compared to analyst estimates of $863.00 million. Samsonite Group had a net margin of 8.46% and a return on equity of 20.66%. Research analysts expect that Samsonite Group S.A. will post 1.15 earnings per share for the current 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.